Saturday 19 September 2009

Britain's budget deficit widened to third worst on record in August

Telegraph
"Government borrowing soared to the third highest monthly amount on record, fresh figures showed today, underlining the hole the recession has blown in the public finances. ....
The Government has now borrowed £65.3bn since the beginning of the financial year in April, compared with £26.1bn at the same point last year, and economists said the Chancellor's Budget forecasts were at risk."

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