November 20th, 2008

Unfunded Government Spending Up £1.4 billion in October

Public sector net debt (on the Treasury’s definition) rose to £640.9 billion, or 42.9% of GDP. This does not include other liabilities such as off-balance sheet public sector pension liabilities.

Unfunded government spending is getting worse as the economy nose-dives. it would have been much worse if wasn’t for the receipts from oil companies.

With oil back down to $50 a barrel that won’t be the case in the future…



Seen Elsewhere

What the Final Polls Tell Us | UK Polling Report
David Cameron’s Draft Resignation Letter | Speccie
Labour HQ to Be Demolished | Asa Bennett
Dirty Politics is a Good Thing | Harry Cole
Media Fear and Loathing in Scotland, Labour Next | Owen Jones
UK Top 10 Influencer Political Blogs | Cision
Redwood Exposes Constitutional Vandalism | Nick Wood
No Campaign Has Been Inept | Mail
PM Faces Friday Bloodbath | Mail
Will Miliband Bottle English Devolution? | Mary Riddell
Why Pollsters Could Be Wrong | John McDermott


VOTER-RECALL
Find out more about PLMR


The Prime Minister feels the pressure:

“I have to say that after the events I have been facing over the last few days, assassination would be a welcome release.”



It was only a tiny tiny collision.


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