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Welcome to the 1980s again, or even the Great Depression revisited. Welcome to the fact that the banking crisis may obliterate all the numbers anyway. Welcome to a different planet to Champagne Charlies Great Celtic Tiger Giveaway Bonanza, Parts 110.Welcome...
Tags: budget, cuts, public finances, business post
So far in 2007/08 the deficit has been running at £2.3bn per month above last year's levels, which if maintained over the remainder of the year implies that net borrowing would reach £64bn, £21bn above Alistair Darling's forecast in the March budget....
Tags: the economist, public finances
Moody's Investors Service will begin in October to switch its U.S. public finance ratings to its global scale, making all its credit ratings comparable...The rating agency announced in June that it would shift its muni ratings so they align more closely...
Tags: public finances, finances ratings, Moody'
The Office for National Statistics said the public sector posted a net cash repayment of £12.6 billion last month, more than the £10 billion repayment forecast by analysts but less than the £13.3 billion repaid in July 2007...July is traditionally a surplus...
April 18, 2008 Alistair Darling won welcome respite this morning from the deluge of bleak news on the economy as official figures confirmed that he met his revised government borrowing target for the full 2007-08 financial year. The public finances sank...
Tags: Office for National Statistics, Alistair Darling, government borrowing, public finances, net borrowing
The public sector recorded a net cash repayment of �22.1bn, more than �2bn higher than expected by analysts...The figures will help the chancellor meet a budget deficit target of �38bn. Both key measures of the UK's public finances showed a
Tags: public finances