73.6%

There are 3 kinds of lies……lies, damn lies and statistics. Benjamin Disraeli take a bow – a great quote that spans the passing of time perfectly. All the more interesting as the Office of National Statistics (anoraks and sensible shoes come to mind) has released data regarding the Government’s borrowing position.

 

Some interesting reading:

 

1.  Despite all of the austerity cuts, the Government borrowed £120.6bn in the last financial year……only slightly lower than the amount it borrowed the previous year (£120.9bn).

 

2.  Government borrowing is now at a level equivalent of 75% of all money made in the UK.

 

So the killer question……if the Government wants to eliminate the budget deficit by 2017-2018, what tricks does it have up its sleeve as Plan A just isn’t working?

 

Apparently, 73.6% of all statistics are made up. Let’s hope Benjamin Disraeli is right……and these are simply a lie. Please!