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UK Budget data
By Sian Wright at 2012-03-27 14:45
NO spending cuts within the UK Budget projections for the next five years, …
… UK government spending will increase, every year, including an expansion of +2.8% scheduled to be implemented this year.
The UK government is ‘banking on’ growth in Revenue that will exceed the rate of growth in Expenditures, including growth of +3.5%

In order to ‘support’ a sizable EXPANSION in SPENDING over the next five years (pegged at +12.7%), the UK Treasury is RELYING on an astronomical rise in Revenue over that same five year period, pegged at +33.4%.
Revenue is forecast to rise by +184.2 billion GBP over the next five years, or by nearly +40 billion GBP per year. But Revenue in February, pegged at GBP 38.631 billion was (-) 1.9% BELOW the year-ago February revenue of 39.381 billion.

The government, while forecasting an improved labor market, job creation, and growth in real wages, is preparing to FIRE a massive 700,000 state employees. Moreover, the government plans to cut Welfare expenditures, and significantly reduce the amount of money allocated to Defense.

Update
By Dif Broker at 2012-03-22 15:36
Economic Outlook of the Budget 2012

http://cdn.hm-treasury.gov.uk/budget2012_annexd.pdf

Bank of England has added another £50 billion
By Sian Wright at 2012-02-10 15:00
Bank of England has added another £50 billion to its “asset purchase programme”

Boston Consulting - Back to Mesopotamia
By Sian Wright at 2012-02-10 13:00
http://www.docstoc.com/docs/97122913/BCG_Back_to_Mesopotamia_Sep_11%5b2%5d
Boston Consulting in this study arrived to the conclusion that total debt within a sovereign entity must be maintained below 180% of GDP. It will take 21 trillion of de leveraging in the US, UK and Europe to reach levels of 180%

Punk Economics
By Anna Dabrowska at 2012-02-10 12:52
http://www.youtube.com/watch?v=oAR0VRLRGHE&feature=player_embedded#!

Video in English, posted on DIF Broker Portuguese panel site.

From Demon ocracy Info
By Sian Wright at 2012-02-10 09:51
Amazing the amount of debt

http://demonocracy.info/infographics/usa/world_debt/images/demonocracy.info-a_world_in_debt-large.jpg

Euro area government debt down to 87.4% of GDP
By João de Deus at 2012-02-06 13:33
Eurostat publishes for the first time a News Release with quarterly data on government debt. This new quarterly euro-indicator will be issued around four months after the end of the quarter of reference.

http://www.facebook.com/Dif.Broker?sk=notes#!/notes/dif-broker/euro-area-government-debt-down-to-874-of-gdp/10150588978622863

Uk debt passes 1 trillion pounds (the Telegraph By Szu Ping Chan)
By Sian Wright at 2012-02-01 16:42
Public sector net debt excluding financial interventions, such as bank bail-outs, rose to £1.004 trillion in December, as the Government borrowed nearly £14bn last month despite its continued austerity drive.

The £1 trillion figure was the highest since records began in 1993, and represents 64pc of GDP. The Treasury has not recorded an annual surplus since 2001/02, when it repaid £243m into the nation's coffers.

The Government has forecast that servicing Britain's debt will cost £47.6bn in the current financial year, rising to £65.5bn in 2016/17.

A Treasury spokesman said: "That our national debt has reached more than £1 trillion simply shows the unsustainable level of spending this country built up over the past few years, and shows why it is critical for our nation's future that we deal decisively with the deficit."

The Office for National Statistics (ONS) said it expected the figure to ease back in January due to tax inflows, but to rise again in February.

Eurozone debt web from BBC
By Sian Wright at 2012-01-31 10:41
How nicely explain by the BBC how some debt is different from other. We will see in the future if it is really that different.
http://www.bbc.co.uk/news/business-15748696

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