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Wednesday, 21 December 2011

Public Sector Borrowing In Surprise Fall To £18.1bn


Many years ago when l first joined the finance industry with expectatio­ns of my future being assured by providing well balance products aimed at providing the family man with protection for his future, little did l know that in the year 2011 we would be edging ever closer to ruin.

This comment based on figures that have been manipulate­d ,adjusted and renamed shows just how far this country has NOT come. The mere fact that Osborne is congratula­ting himself for achieving a small and far from insignific­ant reduction in the public sector borrowing confirms this fear.

But then to state that the government­s debt rose to a fresh figure of £977.1 billion which is 62.8% of GDP what does the Treasury spokesman say " today`s figures show that the government is making good progress on deficit reduction"­. What! reduction? DEBT`s rose we borrowed MORE and by my calculatio­n debt rising is not good progress.

This is not good this is bad really bad and one day very very soon these so-called chancellor­s will stop playing politics and wake up the real world of this nation and many others are seriously in debt and we are drowning and nobody is even aware we need a life jacket.
Read the Article at HuffingtonPost