{"id":68176,"date":"2009-12-07T04:23:00","date_gmt":"2009-12-07T09:23:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/look-how-quickly-englands-deficit-exploded-2009-12"},"modified":"2009-12-07T04:23:00","modified_gmt":"2009-12-07T09:23:00","slug":"look-how-quickly-the-u-k-s-deficit-exploded","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/68176","title":{"rendered":"Look How Quickly The U.K.&#8217;s Deficit Exploded"},"content":{"rendered":"<p>&nbsp;<\/p>\n<div style=\"float: left; padding: 15px 15px 15px 0;\">\n<script type=\"text\/javascript\">\/\/ <![CDATA[\ntweetmeme_source = 'moneygame'; tweetmeme_service = 'bit.ly';\n\/\/ ]]><\/script><br \/>\n<script src=\"http:\/\/tweetmeme.com\/i\/scripts\/button.js\" type=\"text\/javascript\"><\/script>\n<\/div>\n<p>Morgan Stanley&#8217;s recent UK Economics and Fixed Income Strategy piece shows just how quickly and dramatically the U.K.&#8217;s government deficit just exploded. It shows how quickly a crisis can get much, much worse as tax receipts fall due to a weakening economy, yet expenditures rise due to stimulus efforts from governments and higher entitlement pay-outs to struggling citizens.<\/p>\n<p>&nbsp;<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/~~\/f?id=4b1cc71c0000000000b7a3b1\" border=\"0\" alt=\"deficit\" \/><\/p>\n<p style=\"padding-left: 30px;\"><span style=\"text-decoration: underline;\">Morgan Stanley:<\/span> The Treasury&rsquo;s projection for Public Sector Net Borrowing (PSNB, effectively the UK&rsquo;s measure of its fiscal deficit) is likely to be similar to the number in the April Budget (&pound;175 billion). &#8230; According to Budget 2009, each 1pp [percentage point] lower growth in a year typically increases the PSNB by 0.5pp of GDP in that year (and 0.2pp the year after).<\/p>\n<p><em>(Via Morgan Stanley, UK Economics and Fixed Income Strategy, Melanie Baker CFA, 4 December 2009)<\/em><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/look-how-quickly-englands-deficit-exploded-2009-12#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/bank-of-england-gave-secret-62-billion-loan-2009-11\">RBS And HBOS Got Secret \u00a362 Billion Loan From The Bank Of England During The Crisis<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/bank-of-england-prepares-to-blow-bubble-of-unprecedented-proportions-2009-11\">Bank Of England Prepares To Blow Bubble Of Unprecedented Proportions<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/at-least-were-not-england-2009-11\">At Least We&#8217;re Not England<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/FXkCPEpHsf8\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Morgan Stanley&#8217;s recent UK Economics and Fixed Income Strategy piece shows just how quickly and dramatically the U.K.&#8217;s government deficit just exploded. It shows how quickly a crisis can get much, much worse as tax receipts fall due to a weakening economy, yet expenditures rise due to stimulus efforts from governments and higher entitlement [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-68176","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/68176","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=68176"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/68176\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=68176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=68176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=68176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}