£703 BILLION of new debt

beaujolais-nouveau

donaldtramp wrote: »

This pain is going to go on for DECADES.

According to one political blog today, the UK is now spending twenty million quid every hour (on edit: not every minute) more than it earns.

Cleaver

beaujolais-nouveau wrote: »

According to one political blog today, the UK is now spending twenty million quid every minute more than it earns.

Do you have a link for that?

incher

That's a pretty sobering statistic Beaujolais. I think I'll have to go and read something amusing before bed, so I don't have heavy thoughts last thing at night! Or even worse, dreams about the economy. :eek:

Generali

Cleaver wrote: »

Do you have a link for that?

Budget deficit for 2009/10 = GBP 175,000,000,000

365x24x60 = 525,600 minutes

Budget deficit per minute = GBP 175,000,000,000 / 525,600 = GBP 332,953

Davesnave

Generali wrote: »

Budget deficit for 2009/10 = GBP 175,000,000,000

365x24x60 = 525,600 minutes

Budget deficit per minute = GBP 175,000,000,000 / 525,600 = GBP 332,953

Heavens! Thank God for my index-linked, gold-plated pension!:rotfl:

beaujolais-nouveau

Cleaver wrote: »

Do you have a link for that?

Here ya go,

http://plato-says.blogspot.com/2009/04/borrowing-last-300-yrs-of-hmg-added.html

Oops, spending is £20 million per hour, not minute, more than we earn. That's £200,000 since you started reading this post.

Generali

beaujolais-nouveau wrote: »

Here ya go,

http://plato-says.blogspot.com/2009/04/borrowing-last-300-yrs-of-hmg-added.html

Oops, spending is £20 million per hour, not minute, more than we earn. That's £200,000 since you started reading this post.

Either he's gained a zero or I've lost one then. I make it GBP2,000,000/hour.

ManAtHome

Think you've lost one G - 332,953 x 60 is 19,977,180 (phew not £20 mill, we're saved!).