What Is the Deficit?
Paul Mason – former economics editor for BBC Newsnight and Channel 4, outlines the difference between debt and deficit.
Tag: deficit
Osborne’s budget ‘surplus lock’ is a scam to encourage more borrowing from the City
George Osborne's proposed budget 'surplus lock' will commit future governments to running surpluses when the country is not in recession. Not only will it restrict future public spending, it will channel public money into City banks.