The most important number about today’s Budget is $12.5 trillion. That’s the amount of money the private sector is likely to save around the world this year*.
This means that the government can raise the £220bn it plans to borrow in the gilt market merely by attracting 2.5 pence for every pound saved**. This is smaller than the share of the UK in the global economy.
A look at the world of politics,media,Manchester and anything else that takes my fancy
Thursday, 23 April 2009
The most important number is £12.5 trillion
Many numbers are being thrown around in the wake of the budget most notably 50 per cent and £175b but this excellent post from Chris Dillon maybe puts something into perspective.
Labels:
budget2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment