But wouldn’t it be better in accountancy convention to refer to it as a “red hole”? Or just as a hole (as Jude Webber did in FT Weekend, October 29, regarding Northern Ireland’s finances).

Scam left homeowner with hole in roof and out $16K A couple is out $16,000 to a door-to-door scam that saw a man claiming to be a roofer put a hole in their roof during a 'free' inspection ...