Latest / Early Edition with Ryan Bridge
Andrew Dickens: We're all feeling the pinch, especially the Government
Well, ladies and gentlemen, we’re broke.
The Half Year Economic and Fiscal Update shows we’re still in debt and the debt is getting bigger.
So, we’re broke. Not enough money, everything's more expensive so it’s off to the money lender before the bailiffs come in and sell everything. Sounds like a lot of households around me.
Ideally, we’d be in a surplus - that’s when we have more money than costs. But we aren’t and the possibility of that happening has got further away.
Make no mistake, deficit is bad, but surplus is only okay. That’s how bad we are. And we’re getting more and more in debt…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.