UK government borrowing hits second-highest level in 32 years

9 comments

1. Every time I read one of these stories it feels like we are marching full steam ahead to tax hikes in the next couple of months.

2. Got to borrow money to pay all the politicians and friends who are hosting all the illegal migrant hotels, free money for days

3. This is why we bitcoin

4. Try to cut the working age benefits bill by £5billion when it’s risen by £40billion in under 5 years and people scream everyone will starve etc

   It’s painful until the IMF bailout ala 1970s forces the hand

5. Welcome to Labour 101, when they run out of money, guess who’s they’re coming for?

   “BuT wE wOnT raise TaXeS oN tHe WoRkInG mAn”

6. Reeves is a qualified expert economist they said, fix the foundations they said…..huge increase in public debt, huge increase in the billions spent on the interest alone, growth downgraded this year and next and inflation not going down……

7. Eh, gilts are in a range at the moment, possibly could go up (meaning yields and debt maintenance goes down) possibly could go down. Bit of a non story at the moment, especially as there’s been a bond sell off across the board.

8. For the UK Government, gilt sales become a political necessity far sooner than they become an economic one.

   People that don’t understand that will keep voting for it.

9. Torygraph readers: Government spending is too high. Too many people are claiming benefits these days that don’t need them.

   Labour: Yes let’s reduce government spending by removing benefits from people who don’t need them.

   Torygraph readers: No not like that!

   What’s even worse is that Labour actually capitulated.

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