It’s odd the things that Stephanie Flanders overlooks; A B-BBC reader observes;
“Distinct lack of interest from the BBC economic reporters on the record borrowing for February. This gives the lie to Labour’s, and Balls’ claim of ‘cutting too far too fast’.
Shame the BBC cannot bring itself to delve into the figures and shed some light on Balls’ claims…though John Humphrys let slip a non-Party line this morning in a reaction to the debt figures…’Presumably we’ve got to do something about that pretty sharply!’ …presumably not too sharply nor too soon.
If we had record borrowing in February at a time when, as John Humphrys categorises them, we are having ‘enormous cuts’ I imagine if we weren’t cutting we would be borrowing even more.
Remarkably uncommented on by the BBC.
Remarkable as the interest payments on the present debt is nearly £50bn…more than spent on defense or education….borrow more and that interest payment would go up even more…too fast and too far?
Every household pays £1900 per year just to pay off that interest, the full debt burden on every single person in the UK is £14,814 each.
Thanks Gordon, thanks Ed Balls, thanks Ed Miliband….all with their fingerprints on Labours ‘Golden Years’.
Apparently Balls is riding high in the opinion polls….he must have a very good PR team.”