Browns black hole 05.06.2008

Source: The Guardian

The headline story in today's Independent Wed. 8th July 08 is that the Labour Government is presiding over a budget deficit of 7.5 billion. Brown and his chancellor, Alasdair Darling will have to raise taxes, cut spending or borrow more, thus risking inflation. Brown will break his'golden rule' of only borrowing to invest over the economic cycle.

Britain's blue as Brown
breaks 'golden rule', leaves black hole,
Britain in the red.