The budget deficit - the difference between government spending and the income it receives through taxation and other sources - is expected to be more than £170bn or 12.6% of GDP in the current financial year one of the highest of any major economy.I'm fucking scared now, Gordy old bean and it isn't the Tories that are frightening me.
the government had to borrow a further £4.3bn last month to help cover the deficit.Last month was the first time since records began the government had to borrow money in January, usually a bumper month for income from tax receipts.
Gordon Brown reiterated that there would have to be tax rises and cuts in spending to reduce the deficit."We have been crystal clear that we will halve the deficit over the next four years - indeed, more than halve it," he said.
Friday 19 February 2010
Reality Escapes
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"Political World" We live in a political world Love don't have any place We're living in times ...
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"Political World" We live in a political world Love don't have any place We're living in times ...
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Government not a cashpoint says Mandy as he buys a trainset for Gordon to play with
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I believe we all should be free... free from crime Posted by: Jack Straw in police, justice, crime on Mar 5, 2009 Is big brother watch...
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