£915 billion needed

[DimPrawn]

http://www.dailymail.co.uk/news/art...-watering-915billion-says-business-group.html

Britain's public sector pensions bill is approaching £915billion and is 'set to get much worse', the CBI will warn today.
The business lobby group said the 'truly eye-watering' bill will cripple today's taxpayers, their children and grandchildren.

The current amount needed to pay the pensions of doctors, nurses, teachers and other State workers is nearly £30,000 for every taxpayer, according to the CBI.

This is more than a typical private sector employee earns in a whole year.

The CBI is calling for an inquiry into the ballooning cost of the gold-plated pensions promised to the UK's 5.8 million public sector workers.


Worth every penny. I propose 99p in the pound tax to cover it.

 

[DiscoStu]

Can't we just borrow it from threaded?

 

[Doggy Styles]

Financial meltdown. This is what happens when you elect the Labour party.

FFS don't do it again.

 

[chef]

Can't we just borrow it from threaded?

it's christmas, it's been spent on mince pies

HTH

 

[NotAllThere]

By January, the £915,000,000,000 will be worth €10. So where's the problem?

 

[TimberWolf]

Financial meltdown. This is what happens when you elect the Labour party.

FFS don't do it again.

Aye, but:

• Right wing America is in financial trouble too
• The Tories were like Church mice until Blair left
• Tory policy probably wouldn't have been much different and we'd still be in trouble now if they'd been elected. We've in affect had a Monetarist/Tory government for most of the last Labour years. We didn't go forward after Thatchers initial reforms
• The problems have been building up for a long time

 

[ratewhore]

The business lobby group said the 'truly eye-watering' bill will cripple today's taxpayers, their children and grandchildren.

New plan B - leg braces...

BOOMED!!!

 

[DimPrawn]

Aye, but:

• Right wing America is in financial trouble too
• The Tories were like Church mice until Blair left
• Tory policy probably wouldn't have been much different and we'd still be in trouble now if they'd been elected. We've in affect had a Monetarist/Tory government for most of the last Labour years. No one went forward from Thatchers initial reforms
• The problems have been building up for a long time

Would we have seen the huge expansion of the Public Sector (non jobs on £50K pa each), with gold plated final salary pensions for every paper shuffler?

No. Taxes would have been lower and debt therefore lower. We would have shrugged off this crisis in a week.

Boomed!

 

[Doggy Styles]

Aye, but:

• Right wing America is in financial trouble too
• The Tories were like Church mice until Blair left
• Tory policy probably wouldn't have been much different and we'd still be in trouble now if they'd been elected. We've in affect had a Monetarist/Tory government for most of the last Labour years. We didn't go forward after Thatchers initial reforms
• The problems have been building up for a long time

No, this is not true. The Tories lost two elections BECAUSE they opposed Labour's profligacy.

They were called the "Nasty tories", accused of wanting to make cuts and sack teachers and nurses, and lost the propaganda war.

That is why they appointed a more voter-friendly leader and kept quiet about balancing the books, because that is the only way to get elected.

 

[Doggy Styles]

And another thing, I doubt the tories would have stopped supervising the banks in 2001, which allowed them to start running up their massive deficits with their wacko schemes.