Monday, April 20, 2009
It seems that Alastair Darling, when he makes his budget speech on Wednesday, will announce that £60BN of taxpayers' money spent on bailing out the banks will never be repaid.
It is also predicted that Darling will cut public expenditure by £15BN.
If only Gordon Brown had put something away for a rainy day when times were good!
However, on the upside, the CBI said that the worst of the UK recession is over but warns that there will be no recovery until this time next year.