Britain's Trillion Pound Horror Story...

Have you not noticed that there is no money left, leaving to the markets is a big mistake, planning for a sustainable society is the way forward.

stop globalization, local communities are the only way forward.

The tories = free market + small central government

Labour = Regulation + large central government

You = Regulation + small central government

Must make voting difficult ;)
 
I've never understood that petrol price problem either TBH

I do.

We are an oil producing nation. Some of the largest reserves in Europe.

Yet fuel prices have mostly remained near the top if not the highest at points in Europe, with taxation levels in almost astronomical proportion.

It's called having people over a barrel. And not having much else to claw money from.

It's still somewhat peverse.
 
I do.

We are an oil producing nation. Some of the largest reserves in Europe.

Yet fuel prices have mostly remained near the top if not the highest at points in Europe, with taxation levels in almost astronomical proportion.

It's called having people over a barrel. And not having much else to claw money from.

It's still somewhat peverse.

But petrol is much more expensive on the continent? The only place it's cheaper is Eastern Europe really.
 
Interest on loans is created out of nothing, any interest is creating debt that there is no money to repay.

So you're saying that by pure coincidence as GB left number 10 and locked the door, the last money we could possibly get hold of dripped out of the piggy bank?

Just not true. We haven't even needed to go to the IMF. We've still managed to pay our troops and our nurses and service our debts. And it seems the tories arn't implementing most of the cuts until about 2013 going on 2020!
 
So you're saying that by pure coincidence as GB left number 10 and locked the door, the last money we could possibly get hold of dripped out of the piggy bank?

Just not true. We haven't even needed to go to the IMF. We've still managed to pay our troops and our nurses and service our debts. And it seems the tories arn't implementing most of the cuts until about 2013 going on 2020!

I am truly confused.
 
But petrol is much more expensive on the continent? The only place it's cheaper is Eastern Europe really.

Petrol is low, currently. Historically it's been all over the place.

That's not to mention that is average price, in some parts of the country prices can top £1.30-£1.40+ regularly.

Desiel is currently second.

Tax has been increased above inflation by tories and labour for decades.
 
I am truly confused.

you said

'any interest is creating debt that there is no money to repay'

I may have misunderstood ..

Did you mean - like - if I had a £2000 loan with £20 a week interest .. I couldn't afford that 20 quid?

Are you saying that's the situation the UK is in - we can't afford the interest repayments?
 
Oh, I see.

I just meant it in general.

There is more debt in the world than there is money. If a bank lends 1 billion but asks for 1.2 billion back, where is that extra coming from?
 
You do understand the difference between debt and deficit, don't you britboy?

We're currently running a deficit, which means that we're borrowing money to meet our spending commitments because national income (tax revenue, VAT, whatever) is lower than our national expenditure.

That is why we have to make cuts, otherwise we're borrowing more and more money in the hope that one day national income will rise significantly. There is no indication that this will happen in the near future and therefore it makes no sense to try and spend our way out of recession (which has worked in the past) and into growth.

We are paying interest on the debt, by the way, to the tune of 27.2 billion last year and 42.9 billion this year. If that's how much it rises in just one year, what do you think it would be after 10 years of making small meaningless cuts?

That's the thing. Debt is fine. Debt enables growth and investment. BUT only when you're running a surplus, when you have extra money to cover the repayments and interest. Otherwise you end up in the mess we're in.
 
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