UK government borrows £600m in July as tax receipts dip

[Spider]

I wish we could go into debt in increments measured in mere millions...

[Grandma Death]

"After the recession of 1989 to 1992 we had to raise taxes because the budget deficit reached dangerous proportions. The alternative of slashing spending and cutting benefits would have been inhuman" DAVID CAMERON (April 2002)

Guess this makes the lizard cameron inhuman-but we knew this already.

[Grandma Death]

[Clarino]

[Grandma Death]

government came to office, the country’s triple A credit rating was on negative watch, which is where it was put by the Labour party. I am delighted that it came off negative watch, but we must stay vigilant. The credit rating agencies have said that an abandonment of our deficit plan would definitely lead to a downgrade of the credit rating." - George Osborne December 2011.

[Grandma Death]

UK credit rating downgraded. Double dip recession now this.

[Sparse1]

[Pebble]

[Showboat]

Will be interesting to see if it actually affects the cost of government borrowing. For all the Guardian readers gloating about this Moodys stated that is was because deficit reduction wasnt enough.... The lefty way of borrowing ourselves out of debt would have seen us even worse off.

[Grandma Death]