It has been today announced that the nation faces a huge deficit in the country's current account.
Apparently, spending has exceeded income by £42 billion and we are overdrawn!
The Bank of England has written to Prime Minister Gordon Brown to say that "unless sufficient funds to return the account to credit are deposited by the end of July 2009, we will have no option but to close your account and ask for the return of your chequebook and cash point card. Love and Kisses, Mervyn".
The Chancer of the Exchequer, Alistair Dearest, interviewed at an eyebrow bleaching salon, commented "Well, you can't have a war on terror, a credit crunch and an Olympic Games building programme without spending".
Pressed for further comment Mr Dearest stated that he was off on holiday and couldn't do anything for about 8 weeks, but that we shouldn't assume that he wasn't working. "Just like teachers, we MP's have to do a lot of preparation and marking at home, you know".
Mr Dearest refused to comment as to which flipping home he would be working at.