George Osborne’s last minute Christmas gift to Britain is beyond a joke

‘As offices close, and mistletoe kisses occur at work parties across the nation, George Osborne slipped a card in our pockets which read: ‘Merry Christmas! I’ve overspent by billions this year, and I used your credit card to do it.’

As Business Insider reports:

The UK’s public sector borrowing figures for November just came in and they’re much higher than expected.

Britain borrowed £14.2 billion ($21.1 billion) last month to keep public sectors ticking over, up from £7.4 billion ($11 billion) in October. Economists had forecast a deficit of £11 billion ($16.3 billion).

This is not good news for Osborne. But it’s far worse news for UK taxpayers and the UK economy – and no doubt all those reliant on the welfare state, which will no doubt be forced to pay the price in cuts for Osborne’s extravagances elsewhere.’

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