ricgem2002 Posted December 19, 2012 Share Posted December 19, 2012 why cant the country just go bust ? many companies in this country just go bust, and restart up again with no chance of anyone getting any money from the new company. why cant condems plc just go under and start a new company. it could be called enterprise uk and we have a fresh start with no debt. Link to comment Share on other sites More sharing options...
Bolster Posted December 19, 2012 Share Posted December 19, 2012 why cant the country just go bust ? many companies in this country just go bust, and restart up again with no chance of anyone getting any money from the new company. why cant condems plc just go under and start a new company. it could be called enterprise uk and we have a fresh start with no debt. I think that if it did , everyone would lose their savings and pensions. Some people may get a little upset about that. Link to comment Share on other sites More sharing options...
andygardener Posted December 19, 2012 Share Posted December 19, 2012 Countries can and do go bankrupt. Not a good idea if you want to import anything or borrow money for 20 years or so though. Link to comment Share on other sites More sharing options...
ricgem2002 Posted December 19, 2012 Author Share Posted December 19, 2012 I think that if it did , everyone would lose their savings and pensions. Some people may get a little upset about that. why would that happen ? these things would be protected by the same rules what protects peoples assets/wealth/pensions when said companies go under. ---------- Post added 19-12-2012 at 22:56 ---------- Countries can and do go bankrupt. Not a good idea if you want to import anything or borrow money for 20 years or so though. so do you think we will still be paying the national debt in 20 years time ? Link to comment Share on other sites More sharing options...
Bolster Posted December 19, 2012 Share Posted December 19, 2012 why would that happen ? these things would be protected by the same rules what protects peoples assets/wealth/pensions when said companies go under. Think that if you wish to. Link to comment Share on other sites More sharing options...
andygardener Posted December 19, 2012 Share Posted December 19, 2012 so do you think we will still be paying the national debt in 20 years time ? Of course, and functioning as a nation. Which defaulters don't. Keep an eye on Greece as an example. Link to comment Share on other sites More sharing options...
ricgem2002 Posted December 19, 2012 Author Share Posted December 19, 2012 Think that if you wish to. im not thinking anything thats what happens now Link to comment Share on other sites More sharing options...
Swampster Posted December 19, 2012 Share Posted December 19, 2012 Countries can and do go bankrupt. Not a good idea if you want to import anything or borrow money for 20 years or so though. Didn't Iceland go bust? And aren't they in better shape than just about anybody at the minute? http://www.bbc.co.uk/news/business-19599449 Link to comment Share on other sites More sharing options...
ricgem2002 Posted December 19, 2012 Author Share Posted December 19, 2012 Of course, and functioning as a nation. Which defaulters don't. Keep an eye on Greece as an example. i think cameron should keep an eye on greece and get the rich to pay the taxes they should. us mere peasants can not afford to pay their lifestyle . when will ordinary people realise this Link to comment Share on other sites More sharing options...
Bolster Posted December 19, 2012 Share Posted December 19, 2012 Middle and working class people will be paying through the nose for as long as the tory boys can convince them that there is no other way. They are raking it in! Link to comment Share on other sites More sharing options...
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