Badenoch Finds £49 Billion Hole, Treasury Sees Window
Kemi Badenoch finds a 49 billion pound hole in the Labour Budget. The London Treasury insists it is not a hole until money goes in.
Tag: UK public finances
Britain Paying Off the National Debt
Five Observations About Britain Paying Off the National Debt The British public managed to reduce the UK’s £2.8 trillion national debt by £1.7 million, which economists confirm is roughly equivalent to paying off the first two seconds of interest. The UK’s National Debt Reduction Fund was created in 1823, meaning Britain has been slowly paying off its debt for more than 200 years and is currently on pace to finish sometime around…
Keep Calm and Carry Debt
UK Bankruptcy Looming: Nation Checks Sofa Cushions for Spare GDP Housing, Mortgages, and Mild Panic “Bankruptcy, But Make It Elegant” — The Queen The United Kingdom, a country once celebrated for inventing the queue, colonising everything that wasn’t nailed down, and losing it all while remaining frightfully polite about the whole business, has reportedly entered what experts are calling “a very British financial panic” — characterised by quiet sighing, aggressive…