Messianic Trees wrote:
A couple of opportunities to see how many red arrows you can get:Government's debt smashes the £1TRILLION barrier for the first time (that's £1,000,000,000,000)
Read more: http://www.dailymail.co.uk/news/article ... z1kNddL5af
Interesting how they've structured this. The sub-headings are:
* Debt now stands at £1,003.9bn or 64.2% of GDP
* Monthly public sector borrowing fell by £2.2bn in December to £13.7bn
A few paragraphs in...
The last time the Treasury's books recorded a surplus - by spending less than its income - was in the 2001/02 financial year when it made a meagre repayment of £243million.
Last month public sector borrowing, excluding financial interventions such as bank bailouts, fell £2.2billion to £13.7billion in the month. The City had expected it to fall to £14.9billion.
So what are the figures that include the banking bailout? Several paragraphs later (paragraph 19):
The Government's £1trillion debt figure excludes the cost of bailing out the banks which takes the total debt figure to £2.3trillion - or 149 per cent of GDP.
Funny how that incredibly minor piece of info doesn't get a sub-heading too. Anyway...back to bashing public sector workers and welfare "scroungers".