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Thursday 22 April 2010

Yet more bad economic news

I see that the UK borrowing figures for the last financial year are out and are £163.4bn, a massive increase over any other peacetime year. The BBC are spinning furiously that 'The borrowing figure for the 2009-10 financial year is lower than the £166.5bn predicted by Chancellor Alistair Darling in April's Budget.' but even they must see the appalling position that the UK economy is in.

Still to come this week on Friday (but Thursday for Gordon Brown so he has the figures before the second leaders' debate) the first official estimate of first quarter gross domestic product (GDP).

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