Tag Archives: uk deficit

Stacy Summary: “Much worse than feared” . . . seems a bit of an understatement when you look at the numbers!  Public sector borrowing was £8 billion rather than the £500 million expected.  Oh, by the way, speaking of highway robbery . . . there were two armed robberies in Paris yesterday.  I tried to find an English language link for you but, alas, there was not one mention.  The BNP Paribas near our apartment was held up by a 17 year old girl (and two young men).  I walked by the area just after it happened and there were loads of police and helicopters; and apparently the branch does not carry any cash at all anyway.   The papers said that there have been a string of bank robberies by young women who the paper said are forced to do so by men who threaten their families if they don’t.  The other bank robbery was in I think the 17th at the Caisse d’Epargne.

• UK public finances much worse than feared

• UK has largest July deficit on record as tax revenues collapse & cost of unemployment benefits soar