LEADERS

TOP International LEADERS Calling Market Crashes Years Ahead
Second to None, Anywhere...

'Warned 2000 tech slide; predicted 2008 meltdown in 2007. Forecasted 2020 global economic collapse in 2011, AND NOW- BY 2050 - THE MOTHER OF ALL CRASHES"

Funtastic Deal - Free Kindle

TOP POST - WHAT ARE COMMUNITY IS READING

A #TALE OF TWO CITIES - #ECONOMICS AND #SCIENCE COLLIDE

  SURREAL ECONOMICS OR CONCRETE SCIENCE? Original Post It  was the best of times, it was the worst of times, it was the age of wisdom, it wa...

Lead, Follow or Dream

Search This Blog

BIG SAVINGS ON HOT STUFF

Thursday, June 23, 2016

British Debt Spirals To New Heights

George Osborne's shame as Britain's debt tops £1.6TRILLION amid borrowing spiral





THE Chancellor has been left red-faced after Britain's debt surged to £1.606 TRILLION last month, as the Government continues to borrow billions more than expected, figures revealed today.


Despite pledging to get Britain's finances back on track, George Osborne continues to oversee state spending outpace income by billions of pounds, according to estimates from the Office for National Statics (ONS).

The Government borrowed a staggering £17.9billion in the two months since the start of the financial year in April - even more than the same time period last year. 

It meant Britain's gigantic debt as a share of the economy edged up again in May to 83.7 per cent, with the state now owing an extra £49.6 billion compared to May 2015. 

The jump in this year's borrowing also puts the Chancellor firmly on track to spectacularly blow his election promises.

Believe, Act, Learn

https://www.addtoany.com/

LEARNING LIBRARY