Exchequer deficit at E12.1bn at end Aug


Credit where credit is due, they’re pretty much bang on projections then.

Not many people on here were predicting that in the poll last January and again in February. General consensus was that projections would be out by billions and that we’d have an emergency budget by the end of the year

Yeah, it’s a pretty good performance. Looks like cutting excise worked to discourage the drain north - I wonder what the figures are for the border shopping areas?

Trajectories are bound to cross at some point.

So what is the projected total deficit at year end ?
Are we still in the €20 billion region ?

that’s not the only variable

2010 - British Pounds to 1 EUR (monthly avg 2010) -> x-rates.com/d/GBP/EUR/hist2010.html
UK CPI inflation 3.1%, RPI inflation 4.8% -> statistics.gov.uk/cci/nugget.asp?id=19
Ireland, Clothing & Footwear (-8.5%), Food &Non-Alcoholic Beverages (-3.8%) and Furnishings, Household Equipment & Routine Household Maintenance (-3.4%). - cso.ie/releasespublications/ … nt/cpi.pdf
Also from next January - Osborne Increases U.K. Value-Added Tax Rate to 20% -> businessweek.com/news/2010-0 … ate1-.html

A stopped clock is right twice a day.

Hold on a minute FFS, “Bang on projections”? Its as simple as this guys it called politics, all they have to do is put out a projection that is so low they know they will hit it and anything above they can sell to the public as recovery. Remember this is FF and they are well used to making square pegs fit round holes especially the publics.

12bn does not include a little thing called ‘Anglo’

minor details and all that

No need to worry about the haemoroids when your dead!

Constance has a good analysis

trueeconomics.blogspot.com/2010/ … s-tax.html

Worth a read, and its FF spining again

Complete Rumor, but I hear they are not good for September ( a vat month and some income tax from the self employed).