If the nation was run more like a business…

10 Jun 2010, by Nigel Stanley in Economics

This is almost as common a misconception as the notion that the nation’s finances are like a household’s – UK PLC is one of those cliches that I confess I might have even used myself from time to time.

But as Richard Murphy points out, if  “UK PLC” did its accounts in the same way that a business did the deficit would look a lot smaller.