Thursday 22 April 2010

Public borrowing hits record all-time

Daily Mail
"Labour's economic credibility was dealt a further blow today after public borrowing for the year was revealed to have climbed to an all-time high of £152.8billion.Britain's public sector net debt is now a record 62 per cent of gross domestic product after the UK slumped another £23.5bilion into the red in March.The black hole in public finances now stands at a record £107.6billion for the financial year after the deficit widened another £14.8billion last month.This is more than double the £49.7billion recorded last year and lays bare the desperate state of Britain's financial woes just days before the general election."

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