Record borrowing from UK government takes net debt to 67% of GDP

Saturday, January 23rd 2010 - 15:29 UTC

Full article 2 comments

The British Government borrowed £15.7 billion last month - an amount that was less than expected, but still the highest December figure on record. Borrowing for the whole of 2009 reached £142.6 billion, the highest since Office for National Statistics (ONS) records began in 1946. Read full article

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h.
this article explains that England's net debt also hit 870 b. £..the equivalent of 61.7% GDP..............
this definition is not true (at least technically !)..when you talk about
the Debt, then you must define it's detailed contains.!public or private ..
this country's( only)net “ Fiscal” debt is - 1 trillion £-.this number covers
current money and interest values !! not nominal ( constant) !!
this country resists against (US $)..(Euro).. else ..becouse it wants to
storage and suppres own debts as nominally not currently !! in other
words it does not want to payback debts !! England's Financial Systematics are allways under “ default conditions”... in person
I never lend to this country as nominally becouse it can't be lucrative.

ONS and ( or) other national statistics (other countries') are not reliable
they have chaotic calculations !! numbers are not true in general !
as a sample : CPI(consumer price inflation) numbers are all false ..
other ones more worse and degenerated..
Jan 23rd, 2010 - 06:37 pm - Link - Report abuse 0
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geo
h. you say that England does not want to enter Euro Zone to
suppress it's debts.! .this is technically true !
but Anglo Saxons don't have this high level brains..cannot think !
all are Keynes idiot ! off shore butterflies !.usualy thinks tactical
not even strategical !! not have eagle eyes !! can not see somethings !
I say that they don't enter Euro Zone becouse they have phobias
related to their own other European rivals ....that is simple !.
Jan 23rd, 2010 - 11:15 pm - Link - Report abuse 0
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