At £20 billion a month, the latest public sector borrowing requirement number to be published this week, the UK's finances are officially out of control.
We currently have printing money, low interest rates and Government spending out of control. Never in my life has the year ended on such an abysmal macro note for the UK. 2010 may well end up as difficult as 2009, which is not what many are seemingly thinking with all the talk of a recovery now.
John Smith, the ex-Labour Leader, once berated John Major for borrowing £20 billion in a year (even inflation adjusted this is less than £40 billion in today's money)!
What a shocking set of numbers this is - the overspend per month is equivalent to the entire annual spend of the Department for Transport and Department of Overseas aid combined.