davyboy Posted September 12, 2014 Share Posted September 12, 2014 If we all stopped buying smart phones and paid the money in tax the debt could be cleared in a couple of years Link to comment Share on other sites More sharing options...
RonJeremy Posted September 12, 2014 Share Posted September 12, 2014 If we all stopped buying smart phones and paid the money in tax the debt could be cleared in a couple of years You first then? Get cracking. http://www.hmrc.gov.uk/bankaccounts/index.htm Link to comment Share on other sites More sharing options...
Phanerothyme Posted September 12, 2014 Share Posted September 12, 2014 Check the rate at which national debt is rising in: The UK: http://www.nationaldebtclock.co.uk/ The US: http://www.theusdebtclock.com/ The Netherlands: http://www.destaatsschuldmeter.nl/ Germany: http://www.staatsschuldenuhr.de/ France: http://www.dettepublique.fr/ Belgium: http://www.staatsschuldmeter.be/ Link to comment Share on other sites More sharing options...
Anna B Posted September 12, 2014 Author Share Posted September 12, 2014 Am I missing something? According to the OBR, (Office for Budget Responsibility,) Britain will be back in the black by 2018. It says 'Public finances will return to balance by 2018 - 19 producing the first surplus for 18 years.' So what happened to the £1.3 Trillion pounds we owe, and as I understood it is still rising. Still owing £1.3 Trillion (+ interest) doesn't sound like being back in the black to me, nor does it sound like 'balance' or a a surplus. But then according to the government the economy is surging ahead even though nobody can feel it, so what do I know.... Link to comment Share on other sites More sharing options...
truman Posted September 12, 2014 Share Posted September 12, 2014 I think that Scotland will have to take some of the debt with them, unfortunately the SNP are saying that if the UK doesn't agree to a currency union with Scotland then they'd consider refusing to take their share of the debt. That'll look really good when Scotland try to raise money on the international markets...kind of shooting themselves in the foot really.. Link to comment Share on other sites More sharing options...
davyboy Posted September 12, 2014 Share Posted September 12, 2014 You first then? Get cracking. http://www.hmrc.gov.uk/bankaccounts/index.htm Too late, I've bought one:sad: Link to comment Share on other sites More sharing options...
RonJeremy Posted September 12, 2014 Share Posted September 12, 2014 Too late, I've bought one:sad: Trade it in? http://www.mazumamobile.com/ still pay a bit of the debt off for us all. For the greater good of your fellow man? ---------- Post added 12-09-2014 at 22:38 ---------- Still owing £1.3 Trillion (+ interest) doesn't sound like being back in the black to me, nor does it sound like 'balance' or a a surplus. But then according to the government the economy is surging ahead even though nobody can feel it, so what do I know.... There's a difference - The tories inherited a HUGE debt. They have lowered the budget deficit to try to pay off the debt they inherited from the overspending reckless Labour govt. . We are heading in the right direction, and yes it hurts as the medicine is administered. We cant just keep piling on more debt for our children and theirs. Unless you are really selfish of course. SPEND SPEND SPEND... that's the Labour way. http://www.bbc.co.uk/news/business-25944653 should be explained here for you Link to comment Share on other sites More sharing options...
Waldo Posted September 12, 2014 Share Posted September 12, 2014 With so many countries owing massive amounts, and that debt only rising; surely that's good news for someone? Who is all that debt owed to? Link to comment Share on other sites More sharing options...
Guest sibon Posted September 12, 2014 Share Posted September 12, 2014 There's a difference - The tories inherited a HUGE debt. Which they have virtually doubled... Well done austerity. How would that ever fix an economy? Link to comment Share on other sites More sharing options...
Anna B Posted September 12, 2014 Author Share Posted September 12, 2014 Trade it in? http://www.mazumamobile.com/ still pay a bit of the debt off for us all. For the greater good of your fellow man? ---------- Post added 12-09-2014 at 22:38 ---------- There's a difference - The tories inherited a HUGE debt. They have lowered the budget deficit to try to pay off the debt they inherited from the overspending reckless Labour govt. . We are heading in the right direction, and yes it hurts as the medicine is administered. We cant just keep piling on more debt for our children and theirs. Unless you are really selfish of course. SPEND SPEND SPEND... that's the Labour way. http://www.bbc.co.uk/news/business-25944653 should be explained here for you Thankyou for that. An interesting and informative link. However, I still disagree with the inherited debt being the fault of the 'overspending reckless Labour Government.' It is easy to see, taken from the set of figures and graphs in your previous post /link:- The last labour government were in power from 1997, during the first few years of which, government spending was relatively normal compared with previous years, (in fact some years it was in surplus.) It was growing, but at a similar rate to Tory figures. In 2007 / 2008 it suddenly rockets at an alarming rate. This of course coincides with the banking crisis and crash, quantatitive easing etc. This would have happened no matter who was in power. It also continued to rocket upwards from 2010 when the Tories took control, arguably at an even greater rate. It's therefore extremely unfair and disingenuous of the Tories to keep on with the mantra that the debt is all the fault of the Labour government's reckless spending, when your own graphs and figures prove quite conclusively that it was the Global economic crisis that was responsible. I really don't like bare faced liars. The Tory government has cut and cut ruthlessly, damaging the most vulnerable and powerless in society, while at the same time allowing the big multinationals to continue avoid tax to the tune of £billions. The UK now has such lax tax laws for the rich that it is now considered to be the tax haven of choice for the rich (and the unsavoury) to exploit, hence the influx of Russian oligarchs and billionaires into London buying up property etc. They don't come here for the weather... Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.