Friday, 21 May 2010

Deficit Revised Downwards

The BBC are now reporting that the ONS have revised the budget deficit down to £156billion this year. This is a 12% reduction on the original forecast in the Pre-Budget Report last year.

Good news!

However, let's put it in perspective. £156billion a year deficit means that the Government is still having to borrow nearly £18million every hour. That's a lot of cash. But still, anything that will make the job easier...

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