If the nation was run more like a business…
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.
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Jun 10th 2010, 11:17 am
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