The possibility of major economic chaos in the UK

[DodgyAgent]

No I'm living off the spectacular daily rate my foreign client pays me.
HTH, BIDI.

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[LisaContractorUmbrella]

Easy situation to resolve: EU membership inc. bailouts of most other EU countries = £56 million per day x 365 = £20,440,000,000 - debt interest repayments £21 billion per year. Repeal human rights laws stopping claims on the public purse from prisoners, illegal immigrants etc and you're just about sorted

[VectraMan]

Easy situation to resolve: EU membership inc. bailouts of most other EU countries = £56 million per day x 365 = £20,440,000,000 - debt interest repayments £21 billion per year. Repeal human rights laws stopping claims on the public purse from prisoners, illegal immigrants etc and you're just about sorted

I think you're at least a factor of two out on the interest, and that's just the interest. You'd need to find £150bn odd per year just to cancel out the deficit.

The debt won't get repaid. There's already so much resistance to even the tiniest attempt to reduce over spending there just no way we'll ever get back to breaking even, let alone paying anything back. Even if there's an economic boom, it'll be wiped out by Labour getting back into power on the back of the promise of a spending spree.

I see this ending one of 5 ways:

1. The western world agrees to cancel each others debts, and defaults on the debts to everyone else. World War 3 breaks out.
2. A communist world power takes control of the globe. Money lending becomes a relic of capitalism, therefore all debts are cancelled.
3. The human race evolves beyond the need for money and material possessions.
4. Aliens enslave us all.
5. All of the above.

[sasguru]

Easy situation to resolve: EU membership inc. bailouts of most other EU countries = £56 million per day x 365 = £20,440,000,000 - debt interest repayments £21 billion per year. Repeal human rights laws stopping claims on the public purse from prisoners, illegal immigrants etc and you're just about sorted

I suppose your complete lack of economics knowledge is no barrier to running an umbrella company.
Nevertheless, I'd wonder what else you don't know

[doodab]

Easy situation to resolve: EU membership inc. bailouts of most other EU countries = £56 million per day x 365 = £20,440,000,000 - debt interest repayments £21 billion per year. Repeal human rights laws stopping claims on the public purse from prisoners, illegal immigrants etc and you're only borrowing another £80m a year

DYSFU

[LisaContractorUmbrella]

DYSFU

I don't know what that means so I put it into Google - erectile disfunction apparently - so sorry Doodab

[LisaContractorUmbrella]

I suppose your complete lack of economics knowledge is no barrier to running an umbrella company.
Nevertheless, I'd wonder what else you don't know

Ahhh haa haa haa haa - that was so funny I very nearly laughed

[sasguru]

Ahhh haa haa haa haa - that was so funny I very nearly laughed

It was one of these things that would have been funny had it not been so sad.
Not very smart to come on a public forum and reveal your total lack of mastery of numbers when you're supposed to be managing other people's money, wouldn't you say?

But do keep digging.

[LisaContractorUmbrella]

It was one of these things that would have been funny had it not been so sad.
Not very smart to come on a public forum and reveal your total lack of mastery of numbers when you're supposed to be managing other people's money, wouldn't you say?

But do keep digging.

Yes, yes, yes I am sure you're right Sas

[doodab]

I don't know what that means

Did your sums for you. As you seem to think that 20 million of savings will plug a 100 million gap in the public finances.

Interesting that your first and only thought was to reach for google and you took the top result without considering whether it had any meaning in context. Sign of the times I suppose.