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MOSLER'S LAW: There is no financial crisis so deep that a sufficiently large tax cut or spending increase cannot deal with it.

U.K. Deficit to Exceed Greece’s Next Year, Sunday Times Says

Posted by WARREN MOSLER on September 24th, 2012

Yet no funding crisis…

U.K. Deficit to Exceed Greece’s Next Year, Sunday Times Says

Sept 23 (Bloomberg) — U.K. deficit will be £126b ($204b), or 7.8% of GDP, in 2013-14, Times says, citing Morgan Stanley analysis.

Greece’s deficit to be 6.3%, Italy’s 1.7%, Spain’s 5.8%:

3 Responses to “U.K. Deficit to Exceed Greece’s Next Year, Sunday Times Says”

  1. Tristan Lanfrey Says:

    Aposterians (my pityful attempt at a neologism for “austerian apostles”, sorry…) will say that the fact there’s no funding crisis is not due to facts on how the system works, it is thanks to Cameron and Osborne’s “hard-won credibility”!

    Reply

  2. PZ Says:

    Deficit is already up 22% y-o-y, at the time they were supposed to come down.

    http://www.bbc.co.uk/news/business-19672660

    Reply

  3. Roger Says:

    UK stocks a good place to park equity investments?

    Reply

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