Government Borrowing in July the Second Highest for That Month on Record
“Government borrowing shrinks in July,” reads today’s headlines – but the figure is still the second-highest for July since records began. Borrowing over the past year of lockdowns has pushed the national debt up to more than £2.2 trillion (about 98.8% of GDP).
BBC News has the story.
Borrowing – the difference between spending and tax income – was £10.4 billion, official figures show, which was £10.1 billion lower than July last year.
However, the figure was the second-highest for July since records began.
Borrowing has been hitting record levels, with billions being spent on measures such as furlough payments. …
The Office for National Statistics (ONS) now estimates that the Government borrowed a total of £298 billion in the financial year to March.
That amounted to 14.2% of GDP, the highest level since the end of World War Two.
The ONS said the cost of measures to support individuals and businesses during the pandemic meant that day-to-day spending by the Government rose by £204.3 billion to £942.7 billion last year.
Interest payments on central Government debt were £3.4 billion in July.
That was £1.1 billion more than in July 2020, but far lower than the monthly record of £8.7 billion in June 2021.
Worth reading in full.
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But remember, they’re “Conservatives”.
Well, thanks for the reminder: it is extremely difficult to hold that in mind!
War Is Peace, Freedom Is Slavery, and Ignorance Is Strength, comrade.
Correction, they are “The Conservative Party [build back better]”, i.e. the not the conservative party.
All the Guardian is bothered about is whether politicians wear masks
Unions urge Commons Speaker to take tougher line on unmasked MPs
https://www.theguardian.com/politics/2021/aug/19/unions-urge-commons-speaker-to-take-tougher-line-on-unmasked-mps
(notice Britain’s bravest ever Prime Minister, Theresa May is wearing a mask – the Maidenhead variant must be on its way)
Stand in South Hill Park Bracknell every Sunday from 10am meet fellow anti lockdown freedom lovers, keep yourself sane, make new friends and have a laugh.
(also Wednesdays from 2pm)
Join our Stand in the Park – Bracknell – Telegram Group
http://t.me/astandintheparkbracknell
Will each maskless politician in the House of Commons be fined £44,000, the same amount as that card shop in Droitwich Spa?
So… who exactly are they borrowing from…?
the magic money tree.
China and Saudi Arabia most probably.
The Bank of England creates money out of thin air and lends it to the government at interest, by buying Treasury stock. Now who owns the Bank of England? They tell us it was nationalised by the Atlee Labour government, but is that little more than window dressing? The Bank’s former owners still retain a right to a share of the profits from this very profitable business and so would it be that unlikely if these same interests were still wielding influence over policy?
Tomorrow’s taxpayers.
It’ll be the same banks that fleeced the world economy in 2007-08.
With a little help from Barack Obama.
This’ll come back to bite us when we’re least able to cope with it.
It’s obvious to anyone with a modicum of intelligence that such reckless spending and borrowing is totally unsustainable. No coincidence then that the new financial (rental) system is ‘predicted’ to be unleashed upon the world in the next decade.
The last Chancellor to run a surplus? A Mr G. Brown (Lab) wasn’t it?
Despite more than a decade of so-called Conservative governments.
Yes, 20 years ago, apparently, the UK has only run a surplus 6 times since 1971. Unsustainable.
This too is by design. All the Western economies are doing this to limit currency exchange volatility, normalise the practice, increase the size of the state and force the financial reset on us when the whole debt mountain collapses.
Yep, the death nell of fiat money
Anna de Buisseret Lawyer Serving Notice on UK Vaccinators At Vaccine Centre
https://www.bitchute.com/video/WGkwUSgoisjF/
ANNA DE BUISSERET SERVES NOTICE OF CRIMINAL LIABILITY ON COVID VACCINATORS UNDER NUREMBERG CODE
https://www.bitchute.com/video/zCVma8mqeGs1/
So many laws broken on so many levels – with Senior Lawyer Anna De Buisseret
https://www.bitchute.com/video/v0wqGg1RixfV/
Manufacture war, plague, disaster, borrow from central banks, enrich the elite, put the debt on the taxpayer. Works every time.
So who is the happy receiver of the billions of pounds in interest payments that the gov makes each month?