UK fooked

[GreenLabel]

Public borrowing jumps in October

from 6 billion to 8.6 billion

So to summarise the deficit is ballooning out of control

This must be that austerity that they keep telling me about.

[speling bee]

Only part of their savings; their culture seems to encourage saving for the next generation.

But as each generation gets smaller, where does the money come from to pay for retirement?

[Mich the Tester]

Japan has ticked along OK, but has an aging population, who might like soon to cash in their savings.

Only part of their savings; their culture seems to encourage saving for the next generation.

[speling bee]

But 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.

Japan has ticked along OK, but has an aging population, who might like soon to cash in their savings.

[BrilloPad]

On the bright side, UK is not as bad as Japan for example has a National debt of 194%

But 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.

[alreadypacked]

We 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

UK debt has more than doubled the GDP % in 10 years

On the bright side, UK is not as bad as Japan for example has a National debt of 194%

UK National Debt | Economics Blog

[escapeUK]

It's all right, with teh current Public sector rules on contractors, most projects arent going anywhere as they cant fill the roles. Money saved in buckets, just fook all done...

The projects were pointless anyway.

[Old Hack]

We need to cut about 30% off of spending.

None of this mickey mouse austerity.

In the long run it will be much better.

It's all right, with teh current Public sector rules on contractors, most projects arent going anywhere as they cant fill the roles. Money saved in buckets, just fook all done...

[Robinho]

We need to cut about 30% off of spending.

None of this mickey mouse austerity.

In the long run it will be much better.

[BlasterBates]

Public borrowing jumps in October

from 6 billion to 8.6 billion

So to summarise the deficit is ballooning out of control

[speling bee]

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.

+1, remember it's not just retirees. People with savings are partly to blame for falling demand and must be punished - at the same time as inflating away the debt.

[Mich the Tester]

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).

[BrilloPad]

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.

[DimPrawn]

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.