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…




Another Twittish Tweet from Kerry McCarthy | BBC 
What’s the Point of Our Anti-Business Secretary? | Ruth Porter
HuffPo Hiring Pro-Iranian Mehdi “Act of Desperation” | Fox News
Krugman is Seductive, Simplistic and Unrealistic | Jeremy Warner
Lower Taxes, Higher Growth, the Statistical Evidence | CPS
Bash the Unions, Gatecrash the Quangos | ConservativeHome
I Told You So: Euro is Doomed | Douglas Carswell
PM Speaks for the Nation When Bashing Balls | Quentin Letts
Time for an Alliance | Dan Hannan
Farage’s Plan | ConservativeHome
Guardian Open News is a Failure | Heather Brooke
Balls Calls for Deeper Cuts | Speccie
Lessons from the Thirties | CPS
PMQs Idiots | Harry Cole
Jon Cruddas is Not the Messiah | Dan Hodges

Previously Seen


Peter Botting



Lord Lamont told ITV News…

“I think the PM is just human and Ed Balls is a pretty irritating person”



AC1 says:

Gangsters keep their promises, unlike party manifestos.



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