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Thursday, August 20, 2009

Brown's Bankrupt Britain

True to form, under Brown's "leadership" and Chancellorship, Labour have managed to bankrupt Britain again.

The Times reports that public sector net borrowing was £8BN in July.

This is the highest level of borrowing in July since records began, the irony being that July usually reaps a good harvest of tax receipts.

Net debt hit £800BN (57% of GDP).

So called "experts" had predicted a mere £500M PSBR.

Quite how the government (be it Tory or Labour) can balance the books, without dragging the economy further into the mire remains to be seen.

Brown has bankrupted Britain, what legacy!

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