Originally posted by BlasterBates
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Reply to: UK fooked
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Previously on "UK fooked"
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Originally posted by Mich the Tester View PostOnly part of their savings; their culture seems to encourage saving for the next generation.
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Originally posted by speling bee View PostJapan has ticked along OK, but has an aging population, who might like soon to cash in their savings.
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Originally posted by BrilloPad View PostBut the Japanese debt is largely bought by its own citizens who are long term holders.
Most UK debt is held by institutions who might decide to sell.
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Originally posted by alreadypacked View PostOn the bright side, UK is not as bad as Japan for example has a National debt of 194%
Most UK debt is held by institutions who might decide to sell.
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Originally posted by Robinho View PostWe need to cut about 30% off of spending.
None of this mickey mouse austerity.
In the long run it will be much better.National debt at a % of GDP fell to 29% of GDP by 2002.
Public sector net debt was £1,065.4 billion at the end of September 2012, equivalent to 67.9% of GDP
On the bright side, UK is not as bad as Japan for example has a National debt of 194%
UK National Debt | Economics Blog
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Originally posted by Robinho View PostWe need to cut about 30% off of spending.
None of this mickey mouse austerity.
In the long run it will be much better.
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We need to cut about 30% off of spending.
None of this mickey mouse austerity.
In the long run it will be much better.
Leave a comment:
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Public borrowing jumps in October
from 6 billion to 8.6 billion
So to summarise the deficit is ballooning out of control
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Originally posted by BrilloPad View PostIts okay. We can just inflate our way out of the mess. The only ones who will suffer are those who have retired. But everyone on this forum works so thats okay.
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Not just the UK, but much of Europe too. I can't see this being solved without some kind of debt cancellation plan (which wouldn't be pleasant but might offer a new start).
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Its okay. We can just inflate our way out of the mess. The only ones who will suffer are those who have retired. But everyone on this forum works so thats okay.
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UK fooked
https://mninews.marketnews.com/conte...-receipts-poor
While Chancellor of the Exchequer George Osborne has been helped by a temporary boost of Royal Mail pensions and by transferring the coupon payments resulting from Quantitative Easing from the BOE, the underlying picture remains poor. With GDP growth likely to remain weak for some time, it is difficult to see how receipts will pick up enough to make a sizeable impact in the deficit.
So the ConDems have nicked the huge Royal Mail pension pot, taken the interest from the QE money and still borrowing is ballooning.
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