| Rising national debt 01:53 - Jun 22 with 753 views | AnotherJohn |
For a while some of us have been expressing concern about rising welfare expenditure against the background of already high tax levels, which however, for many tax payers amount to less contributed than they receive in services and benefits. That picture is worsening according to the latest figures. Covid 19 spending, energy subsidies and the latest benefits inflation uplift have added to the pressure. It is reported that France has a similar problem.
https://www.msn.com/en-gb/money/other/britain-s-debt-soars-to-2-7-trillion/ar-BB
Will Sir Keir have the solution? Before anybody suggests it, I don't think raising taxes for the rich is going to be enough.
[Post edited 22 Jun 7:19]
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| Rising national debt on 08:59 - Jun 22 with 694 views | builthjack |
The national debt in 2010 was just shy of one trillion pounds.
The national debt today is over £2.8 trillion pounds.
You can’t argue that, they are the facts.
In the last 14 years the nations debt has tripled. |  |
| Swansea Indepenent Poster Of The Year 2021. Dr P / Mart66 / Roathie / Parlay / E20/ Duffle was 2nd, but he is deluded and thinks in his little twisted brain that he won. Poor sod. We let him win this year, as he has cried for a whole year. His 14 usernames, bless his cotton socks.
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| Rising national debt on 09:26 - Jun 22 with 676 views | controversial_jack |
It can never be paid off, it's just too big. We are stuck with it whoever is in office | | | |
| Rising national debt on 09:48 - Jun 22 with 675 views | SullutaCreturned |
| Rising national debt on 08:59 - Jun 22 by builthjack |
The national debt in 2010 was just shy of one trillion pounds.
The national debt today is over £2.8 trillion pounds.
You can’t argue that, they are the facts.
In the last 14 years the nations debt has tripled. |
Aside from 2020/21, large budget deficits occurred in the mid-1970s and early 1990s and more recently after the 2008-2009 financial crisis. The UK had above an average budget deficit in 2022/23 and 2023/24. The UK faces high inflation, higher interest rates and a relatively slowly growing economy.
For those reasons the debt was obviously going to rise and covid saw it rise by a lot. The tories weren't the only government to habndle covid badly but if they hadn't done furlough they would have been roasted for that too.
How many countries don't have large national debt these days? The thing about it is, in my opinin, it's just another scam perpetraed on the masses by the rich and powerful. have a look and see who owns national debt and how much of other countries debt is owned by the UK. have a look how much the UK owes to the Bank of England. It's another scam to prop up the already rich, as if they need it.
It will continue to rise as most of our deficit goes to oay just the interest on our debt. | | | |
| Rising national debt on 10:02 - Jun 22 with 662 views | sons_of_omri |
Giving billions in arms to Ukraine for a war they will never win isn’t helping. | | | |
| Rising national debt on 15:40 - Jun 22 with 604 views | SullutaCreturned |
| Rising national debt on 10:02 - Jun 22 by sons_of_omri |
Giving billions in arms to Ukraine for a war they will never win isn’t helping. |
The point is to not let Russia win. | | | |
| Rising national debt on 15:48 - Jun 22 with 596 views | sons_of_omri |
| Rising national debt on 15:40 - Jun 22 by SullutaCreturned |
The point is to not let Russia win. |
Which is as futile as a Russian victory is inevitable. | | | |
| Rising national debt on 18:04 - Jun 22 with 562 views | Boundy |
| Rising national debt on 15:48 - Jun 22 by sons_of_omri |
Which is as futile as a Russian victory is inevitable. |
And you know this how ? | |
| "In a free society, the State is the servant of the people—not the master." |
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| Rising national debt on 19:58 - Jun 22 with 528 views | JACKMANANDBOY |
A bit of basic research will show that the banking crisis and covid has led most developed economies to a similar position to the UK. |  |
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| Rising national debt on 20:25 - Jun 22 with 518 views | Whiterockin |
Does any country ever intend to pay off their national debt. |  |
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| Rising national debt on 13:48 - Jun 23 with 419 views | SullutaCreturned |
| Rising national debt on 15:48 - Jun 22 by sons_of_omri |
Which is as futile as a Russian victory is inevitable. |
Maybe it is inevitable but by not Letting them win they are drained of resources and manpower. A protracted war for Ukraine wekanes Russia. It has obviousky been happening because Putin has been off to friends and allies arranging deals for fresh supplies. I wonder what Kim Jong Un is giving him?
It does seem like he's drifted fiurther away from China though. Iran have sold him a lot of drones, wonder how many they can produce?
How do you feel about this war? Do you think Russia are right? | | | |
| Rising national debt on 10:23 - Jun 24 with 357 views | controversial_jack |
| Rising national debt on 13:48 - Jun 23 by SullutaCreturned |
Maybe it is inevitable but by not Letting them win they are drained of resources and manpower. A protracted war for Ukraine wekanes Russia. It has obviousky been happening because Putin has been off to friends and allies arranging deals for fresh supplies. I wonder what Kim Jong Un is giving him?
It does seem like he's drifted fiurther away from China though. Iran have sold him a lot of drones, wonder how many they can produce?
How do you feel about this war? Do you think Russia are right? |
No, Russia is stronger now that it was prior to this conflict. It's factories are booming and order books are full with armament production outstripping NATO many times over.
The intention of the US was to weaken Russia, but the longer this goes on the stronger they get. It's been a huge miscalculation by the Neo cons in Washington, which is in line with most US foreign policies | | | |
| Rising national debt on 11:02 - Jun 24 with 331 views | Joesus_Of_Narbereth |
Can’t we consolidate our debts into one easy monthly payment? |  |
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| Rising national debt on 14:21 - Jun 24 with 303 views | Dr_Winston |
| Rising national debt on 19:58 - Jun 22 by JACKMANANDBOY |
A bit of basic research will show that the banking crisis and covid has led most developed economies to a similar position to the UK. |
Certainly COVID and the after effects of it have added hundreds of billions of pounds to Government debts, allied to the substantial loss of tax revenue during those two years.
It's quite sad that the focus of the enquiry seems to be who blame can be pinned on rather than whether many of the steps taken during the pandemic were necessary at all.
Certainly the cost in lives both lost and damaged by our response to it is likely in the long run to far outstrip those who lost their lives to COVID. |  |
| Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back. |
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| Rising national debt on 19:45 - Jun 24 with 246 views | SullutaCreturned |
| Rising national debt on 11:02 - Jun 24 by Joesus_Of_Narbereth |
Can’t we consolidate our debts into one easy monthly payment? |
And negotiate to cancel any interest too? Sounds good, lets go for it | | | |
| Rising national debt on 06:36 - Jun 25 with 184 views | AnotherJohn |
I suppose that it is easy enough to see public debt as something affecting many Western nations and to recall past periods when national debt was also high, but the problem I see is the combination of the growing cost of servicing the debt combined with low productivity in a country with a rapidly expanding population. Is the current deficit spending sustainable? This is the IFS's take:
https://www.msn.com/en-gb/money/other/households-must-brace-for-tax-rises-over-n | | | |
| Rising national debt on 09:43 - Jun 25 with 137 views | controversial_jack |
| Rising national debt on 19:45 - Jun 24 by SullutaCreturned |
And negotiate to cancel any interest too? Sounds good, lets go for it |
Cancel our interest payments? What bank is then going to loan us money in the future? | | | |
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