Government “Accidentally” Borrows £600 Million

This morning’s public borrowing figures do not make happy reading for the government. Despite July traditionally providing good news in terms of tax receipts, Chancellor Zero has borrowed £600 million in the last month – compared with a £2.8 billion surplus in the same month last year. The total borrowing projection for this year is now some £30 billion more than in 2011, despite the Coalition predicting that borrowing would fall.

BBC News‘ Jane Hill is suggesting that the government has borrowed the money “by accident“. Perhaps she has been reading Tory whip Greg Hands’ tweets to Guido:

Well that’s okay then…




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Quote of the Day

Former public schoolboy Chuka Umunna told the  ‘Exit From Brexit Dinner’…

“Remainians, Remoaners, I don’t care what the label is, I’m proud. It’s fashionable to label everyone in this room as the liberal metropolitan elite . . . This caricature is promoted by a bunch of former public schoolboys!” 

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