Has the deficit really gone down?
As Ed Conway has noticed, if you exclude the effects of either Northern Rock asset reclassification or the profits of the SLS from today's public sector borrowing figures, the deficit was actually higher this year than last.
As Ed Conway has noticed, if you exclude the effects of either Northern Rock asset reclassification or the profits of the SLS from today’s public sector borrowing figures, the deficit is actually higher this year than last.
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