Monday, April 6, 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.

    1 comment:

    1. "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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