January 2009 budget surplus has come in at £3.3 billion against a forecast of £7 billion.
January is normally a surplus month and in previous years the figure has been around £15 billion surplus.
This is a shockingly low figure and just shows that the expected low revenues could actually be double the received figure.
Net debt is now £703 billion or 47.8% of GDP
Thursday 19 February 2009
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2 comments:
The 1930's will seem to have been a golden age.
I think the best we can hope for now is that we can 'have it so good' like in the 30's
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