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

Stella Creasy at Jewish Labour fringe event…

“I was going to say something about how good it is being a Jew in the Labour party at the moment… but someone told me you guys don’t get irony.”

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