Tuesday April 28, 2009
So much for balancing the books: this is worse than we ever imagined
Sean O'Grady
Independent
The Budget is traditionally thought of as an exercise in showing how the nation's books can be balanced. In this case, it is more a case of demonstrating to the world how difficult, if not impossible, it will prove to pull public finances back into any sort of balance.
The numbers are galling. As recently as the pre-Budget report in November – half way through the tax year – Mr Darling told the nation that borrowing in this fiscal year would be £78bn.
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