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Another day, another Brexit boost: Government borrowing falls after EU referendum

 
Celestial Rain
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08/20/2016 09:10 AM
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Another day, another Brexit boost: Government borrowing falls after EU referendum
Government borrowing fell during and immediately after the EU referendum campaign, figures revealed yesterday.

The Office for National Statistics said borrowing was £3billion lower from April to July than in the same period last year.

Before the June referendum, George Osborne claimed Brexit would punch a £30billion hole in the public finances, requiring an emergency budget of tax rises and spending cuts ‘within weeks’.

But the latest figures show borrowing fell by £3billion to £23.7 billion. The figures are largely based on data from before the referendum but Treasury chief secretary David Gauke said they showed Britain is well-placed to deal with any economic turmoil.

[link to www.dailymail.co.uk]
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Anonymous Coward
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08/20/2016 10:17 AM
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Re: Another day, another Brexit boost: Government borrowing falls after EU referendum
Government borrowing fell during and immediately after the EU referendum campaign, figures revealed yesterday.

The Office for National Statistics said borrowing was £3billion lower from April to July than in the same period last year.

Before the June referendum, George Osborne claimed Brexit would punch a £30billion hole in the public finances, requiring an emergency budget of tax rises and spending cuts ‘within weeks’.

But the latest figures show borrowing fell by £3billion to £23.7 billion. The figures are largely based on data from before the referendum but Treasury chief secretary David Gauke said they showed Britain is well-placed to deal with any economic turmoil.

[link to www.dailymail.co.uk]
 Quoting: Celestial Rain


No mention of the trillion pound defecit that has been created from the cost of purchasing in dollars and euros, everything the UK consumes, or the devalued pound generally.

The Britsh are deluded, all that austerity was for nothing and even PPI and the lowest borrowing rate on record will help the flatlining monetary and socila experiment that is the UK.





GLP