Today we see figures for the state of the public finances over the last financial year, 2010-11.
Current public spending is up by 5.1%. Tax revenues are up by 6.9%. Additional Public Sector Net borrowing after financial sector interventions falls from £156.5 billion 2009-10, to £141 billion 2010-11. In other words every man woman and child owes £2350 more this April than last April if you share the government borrowing out equally.