Wednesday 21 November 2012

UK Government borrowing increases

http://www.telegraph.co.uk/finance/economics/9692570/UK-public-borrowing-jumps-in-blow-for-Chancellor.html

Here we also have an example of Newspeak

The headline says "UK public borrowing jumps in blow for Chancellor ".  When I read that I thought, we the public had increased our use of credit cards and loans and mortgages.

But that is not the case in this article.

It is actually that "The Government borrowed £8.6bn compared with economists’ forecasts of £6bn,"

Here are a couple of articles about the impact of massive government debt on the economy : http://www.economicshelp.org/blog/1504/economics/problems-of-government-borrowing-2/

http://www.newworldeconomics.com/archives/2006/030406.htm

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