New Labour create record £8bn deficit for a July (20Aug09)

With personal and business taxes going up, companies running away from the UK to cheaper countries, and foreign investors staying away from high-tax UK, New Labour set yet another record, the biggest deficit ever recorded for a July, a month normally where corporate tax receipts are huge.

That's £8bn the UK taxpayer (are there any left), will have to pay back. This is the ONLY clip I found of this story all day. These disgusting figures were not mentioned in any BBC news item, or ITV, or Channel 4. All the TV channels successfully hushed up this story.

Recorded from Sky News, 20 August 2009.

Category:

News & Politics

Tags:

• new
• labour
• crooks
• create
• record
• july
• deficit
• £8bn
• bank
• of
• england
• quantitative
• easing
• state
• sponsored
• asset
• savings
• theft

[bayhoecott]

Gordon Brown the man who has never run anything and who is now running Britain has brought terror to the minds of the informed. We are now reduced to the printing press to keep the economy afloat. But we will sink under a sea of funny money. I was brought up to think that forgery was a crime and that you were a criminal if you forged money. Yet Gordon Brown is proving to be one of the biggest forgers in history. The labour government is living in cloud cuckoo land. We shall all become paupers.

[OldButOrgasmic]

I'm looking out for a printing press on EbAY.:)

[britdog01]

lmao, keep printing, and de-valueing.

Oh and give yourself another bonus.

[ZupaSC]

Welcome the the Banana Republic.

Zimbabwea $ moved 15% up against the £... Lets get rid of the Big Three and then just pass the debt to them, afterall, they've got most of the REAL cash.

[MikeyS01]

printing more money when we dont have any is going to devalue the £ quicker!

also first