Monday, March 29, 2010

Borrowing money to manage borrowing?

Just a quick post of something I found mildly amusing. The graph below shows the net operating cost of the UK Debt Management Office since 2000.

For some reason it tickles me to know that the increasing amount of money we don't have that we're borrowing is being increasingly spent on the office who's role it is to manage said debt.




 

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