Via the Conservative Party, “Labour would increase borrowing by over £20 billion in the first year of the next Parliament”: Britain has a clear choice at the next General Election: competence or chaos. We can continue on the road to a stronger economy with a competent Conservative team that have […]
Read MorePost Tagged with: "Deficit spending"
Bucks County Council extends council tax freeze
This week Buckinghamshire County Council (BCC) announced its budget plans for 2013/4. Keeping money in people’s pockets during these tough economic times is an essential part of ensuring the continued prosperity of Buckinghamshire. It is also welcome to see that the Conservative 2010 General Election pledge to freeze council tax […]
Read MoreMore unexpected borrowing?
Yesterday, we learned “public sector net borrowing was £0.6 billion in July 2012; this is £3.4 billion higher net borrowing than in July 2011, when net borrowing was -£2.8 billion (a repayment)”. Compared to say May, when we borrowed £17.9 billion, £600 million seems relatively modest. It’s still the gross […]
Read MoreThe triumph of politics » The Cobden Centre
At The Cobden Centre, Detlev Schlichter explains that, The biggest threat to your property and to your individual liberty does not come from markets and not even from the bankers. It comes from politics. I feel sure he is right. We’ve had decades of excessive political promises paid for by high […]
Read MoreAutumn Statement chart of the day: living beyond our means for years
Via the Autumn Statement, page 25, forecast Government receipts and expenditure through the Parliament as a percentage of GDP: See also this chart, showing how our national debt is forecast to increase as a consequence. The legacy this Government was handed remains a scandal.
Read MoreThe Autumn statement
Via HM Treasury, where all the key information may be found: Responding to the Office of Budget Responsibility’s (OBR) updated Economic and Fiscal Outlook, the Chancellor has set out details of further action the Government will take to protect the UK from global instability and the euro area crisis and build […]
Read MoreSpending – up. Borrowing – up. Debt interest – up.
Via National Statistics Online – Public Sector Finances, the trajectory of cumulative public borrowing this year more or less matches last year: See also Deficit plan under pressure as UK borrows £14bn more in June. Here’s the tragedy: while my constituents and people across the country are seeing real reductions in services […]
Read MoreSpeech in the budget debate
Steve Baker (Wycombe) (Con): When I came to the House today, I expected to hear a great deal of Keynesian argument and I have not been disappointed. I am sorry that the hon. Member for Great Grimsby (Austin Mitchell) is no longer in the Chamber, as I wanted to congratulate […]
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