Rupert_Baehr Posted February 4, 2011 Share Posted February 4, 2011 'Cos you owe my £300,000.00 as well as your own? Link to comment Share on other sites More sharing options...
Longcol Posted February 4, 2011 Share Posted February 4, 2011 £300,000.00 for EVERY UK Household LINK (PDF document) Welcome to "beans on toast Britain". Link doesn't work. Link to comment Share on other sites More sharing options...
caparo Posted February 4, 2011 Share Posted February 4, 2011 The same would have happened if the conservatives were in power. The word you are looking for is COULD not WOULD..But of course it didn't. Link to comment Share on other sites More sharing options...
Wildcat Posted February 4, 2011 Share Posted February 4, 2011 When you are in large amounts of debt, you spend less and earn more. It's not pleasant, but there is no option about it. It's what happens, either through choice or by force. True as an individual. But if everyone spends less then overall debt increases, because productivity goes down, jobs decrease, inflation of goods increases beyond that of wages... it is a fallacy of composition.... the paradox of thrift. Link to comment Share on other sites More sharing options...
websters gue Posted February 4, 2011 Share Posted February 4, 2011 The word you are looking for is COULD not WOULD..But of course it didn't. Looking at this article George Osborne wrote for The Times in 2006 I think the words you're looking for are would and worse. http://www.timesonline.co.uk/tol/comment/columnists/guest_contributors/article733821.ece The last sentence says it all, "They have much to teach us, if only we are willing to learn". Link to comment Share on other sites More sharing options...
Tony Posted February 4, 2011 Share Posted February 4, 2011 £300,000.00 for EVERY UK Household Yet it somehow feels like we all got so much less. Link to comment Share on other sites More sharing options...
matsalleh Posted February 4, 2011 Share Posted February 4, 2011 I saw this as a programme a while back on C4,Could it work here ?Would any government have the guts to try ? Link to comment Share on other sites More sharing options...
Cyclone Posted February 4, 2011 Share Posted February 4, 2011 Since when is 'debt' calculated by estimating future liabilities whilst ignoring future income? Link to comment Share on other sites More sharing options...
llamatron Posted February 4, 2011 Share Posted February 4, 2011 The same would have happened if the conservatives were in power. I thought the conservatives were the nasty party that wouldn't let us spend money we didn't have frivolously:suspect: Link to comment Share on other sites More sharing options...
L00b Posted February 4, 2011 Share Posted February 4, 2011 And tax rises, VAT rises, National Insurance rises, job losses and inflation helps....how?I'd have thought an Inland Revenue accountant would understand how inflation is used by Gvts to reduce their liabilities It's a (potential) solution as old as Nation States Link to comment Share on other sites More sharing options...
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