New Labour puts YOU in debt and out of work.

The prudent, no more boom and bust, no breaking my golden rule, saviour of the banks Chancellor/Unelected PM James Gordon "McSnotty" Brown breaks the UK economy.
A record crash in tax receipts and spiralling public spending has left Britain heading for the largest budget deficit of any leading nation.

Figures yesterday revealed the Government borrowed £11.4billion in October - an astonishing 88 times the amount for the same month last year.

International watchdogs urged rapid spending cuts and tax rises as it emerged that revenue tumbled by an alarming 10 per cent in the first seven months of the fiscal year.

The dismal public finance figures took the total for the fiscal year so far to £86.9billion, equivalent to around £1,400 for every man, woman and child in Britain.

The shortfall was caused by a bigger than expected rise in public spending, which jumped 10 per cent to reach £48.6billion, combined with the slump in tax revenues.

The Government's accumulated national debt now stands at £829.7billion, equivalent to 59.2 per cent of gross domestic product, the highest peace-time level on record.

OECD warned there is a danger of further declines in house prices. And it said unemployment, which stands at 7.8 per cent now, or 2.46 million people, will rise to 9.3 per cent in 2010 and 9.5 per cent in 2011.

Business borrowing has plunged at its fastest rate since records began a decade ago.
In September, the amount handed out to firms struggling to survive the recession dropped 6 per cent, compared with the same month last year.

Experts say the dramatic fall is due to a combination of small firms not being given money by banks, and large firms deciding not to take up their credit facilities because they are shelving expansion plans.

Debt under vile Labour filth rising at over £6000 pounds a second, Gordonomics in action folks.

Gordon's problem is he thinks that the way to resolve the rapidly deepening economic crisis is via 'stimulus packages' with magic money plucked off the magic printing press.


With the ultimate of getting the banks to lend again and rebuild the very credit bubble and circumstances that landed us in the shit in the first place.


Like holding an alcoholics meeting in the local pub, you get full attendance but they all end up dead.

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