Misery Index : Jump in Government Borrowing Adds to Misery


Today’s release showing a shock rise in borrowing means Osborne is now at risk of missing his fiscal target for 2010/11. The increase is blamed on higher NHS and defence spending plus more money going to the EU.

The Misery Index calculation reflects the latest figures from the Office for National Statistics and is based on the inflation and unemployment rates plus public sector borrowing in terms of GDP. More government over-spending means more misery…


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Quote of the Day

Ken Livingstone deployed a corker on TalkRadio this afternoon…
“I joined the Labour Party 50 years ago this month and in all that time I have never heard a single anti-semitic comment.”

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