Think about those numbers for a moment; suppose your salary was cut by 10 percent, would you incease your spending by 6.5 percent? Would that be a sensible thing to do? Well, that is what Brown, Darling and the New Labour crew did in February.
Monday, 6 April 2009
The UK government - spending more, earning less
You may not be able to spend your way out of a recession, but you can spend your way into a fiscal crisis. This is how the highly respected think tank - the Institute of Fiscal Studies - coldly described UK public finances in February.
Central government current receipts in February were 9.8% lower than in the same month last year.
Central government current spending in February was 6.5% higher than in the same month last year.
Think about those numbers for a moment; suppose your salary was cut by 10 percent, would you incease your spending by 6.5 percent? Would that be a sensible thing to do? Well, that is what Brown, Darling and the New Labour crew did in February.
Think about those numbers for a moment; suppose your salary was cut by 10 percent, would you incease your spending by 6.5 percent? Would that be a sensible thing to do? Well, that is what Brown, Darling and the New Labour crew did in February.
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1 comment:
"Think about those numbers for a moment; suppose your salary was cut by 10 percent, would you incease your spending by 6.5 percent? Would that be a sensible thing to do? "
Dick for brains, that's a shitty analogy. Go educate yourself!
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