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Government borrowing less than forecast
Comments
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The question is what will the government do with this unexpected windfall?
The following item from the FT sets out the options:
Personally, I'd bank most of the windfall and use the rest for jobs, growth etc, but I fear that Brown and Chancellor-in-waiting Balls will force Darling to opt for the third - a naked pre-election lollipop for voters.
I just hope that if that happens, voters will have the sense to see it for what it is.
.
you'll get your lollies.0 -
Quite likley:
The Times - Alistair Darling given £13 billion budget boost
Guardian - Hopes for budget giveaway as February borrowing figures improve
Oh well, only a week to Badger's Last Stand - I suspect the electorate and the markets could have diverging views...
[edit] we seem to have had a lot of surreal numbers 'bandied' about, was this intended to have been the April 1st thread (or is it just me)?0 -
My feeling is that Darling will want to do the responsible thing and use the lower borrowing to mean fewer cuts and taxes, and keep gilt yields lower.
How much pressure Brown will put him under to spend more is uncertain...
Should be an interesting budget.“I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse0 -
My feeling is that Darling will want to do the responsible thing and use the lower borrowing to mean fewer cuts and taxes, and keep gilt yields lower.
How much pressure Brown will put him under to spend more is uncertain...
Should be an interesting budget.
It's all a bloody popularity contest for Brown. The man's mentally a child. Or Sally Fields.0 -
StiflersMom wrote: »Unemployment falling? Borrowing lower than forecast? House prices rising?
Whisper it... whisper it....
"We are out of recession people"
Time for the sleepy bears to go an hibernate for another few years - pity so many of you missed the Great Crash of 2008.
Aaaah, the memories....
We have had the pre-election bribe, next we get the post election slump.0 -
Good news.
Our interest payments are slightly under the entire Defence budget, instead of slightly over.
Whoop.0 -
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