What would you do with £120m every day?

[Tony]

That's how much the UK government is paying in interest charges every day on the state deficit.

 

In a fantasy world where there is no deficit debt what would you do with it and how would you prioritise? Schools, hospitals, industrial projects, green energy, new roads?

[Guest sibon]

That's how much the UK government is paying in interest charges every day on the state deficit.

 

In a fantasy world where there is no deficit debt what would you do with it and how would you prioritise? Schools, hospitals, industrial projects, green energy, new roads?

 

I'd give everybody in the country £2 to spend.

 

It doesn't sound quite so much, when you put it like that.

[Tony]

Hasn't frittering it away been tried already? Surely you can think of something more useful?

[Wildcat]

Spend the money on reducing inequality, supporting private industry, reducing unemployment and bringing the banks in to line to make us more prosperous and protect us from failures in the future.

 

Hasn't frittering it away been tried already? Surely you can think of something more useful?

 

You seem to have fundamentally misunderstood that the public debt has been created not through public spending but through the economy collapsing. What we need to be doing is stimulating the economy and reducing unemployment to reduce the debt.

[Guest sibon]

Hasn't frittering it away been tried already? Surely you can think of something more useful?

 

Surely, allowing people to spend their own money, in their own way is a good idea.

[Tony]

Spend the money on reducing inequality, supporting private industry, reducing unemployment and bringing the banks in to line to make us more prosperous and protect us from failures in the future.

 

 

 

You seem to have fundamentally misunderstood that the public debt has been created not through public spending but through the economy collapsing. What we need to be doing is stimulating the economy and reducing unemployment to reduce the debt.

No. The OP is a simple question. There's no need to embark upon your usual task of connecting your mistaken opinions and drawing erroneous conclusions.

 

 

As for the OP, I like your ideas in a generalist way but what about some specifics?

[L00b]

Invest the bigger part of it into making the country as energetically-independent as possible as soon as possible (yes, that includes nuclear), and the Grid as further distributed and accessible as possible (to facilitate the transition to mass electricity-based private and public transportation).

 

I see this as the most desirable competitive advantage for any country after Peak Oil: doesn't matter so much if your widget is more expensive to make in the UK than in China, if it costs 10 times less to transport to an EU customer than to import it from China.

[Longcol]

Agree with the above regarding energy independence.

 

My other priority would be transport infrastructure - esp the fast rail links. We need to make the countries economy less London - centric. We are overly reliant on the financial services sector in the square mile.

[Greybeard]

Just reduce the tax take by that amount and allow people to decide for themselves how they spend their money.

[Grandad.Malky]

What we need to be doing is stimulating the economy and reducing unemployment to reduce the debt.

 

So lets make cuts and lay people off………… jobs a good un.