Thursday, 19 February 2009

January budget

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


Oldrightie said...

The 1930's will seem to have been a golden age.

CROWN said...

I think the best we can hope for now is that we can 'have it so good' like in the 30's