So our Country is broke

[countryman]

What a surprise, very little money in the pot it would seem after a  detailed look at the books, if these Politicians had to run there own business in the real world they would all go bankrupt in a year, yet here they are running the country. Disgusting.

[welsh1]

How convenient that labour have found a 20 billion black hole, no doubt taxes will rise to cover that black hole.

Is anyone surprised by this?

And now they will blame the Tories forever more in the same way the Tories blamed brown for selling the gold or the note saying there's nothing left, and forever more the Tories will be beaten with the 20 billion black hole trick.

Everyone with half a brain knew labour would be raising taxes,and here is the start of it.

[Newbie to this]

We have been broke for donkey's years.

The trouble is we don't portray ourselves as broke, we still portray ourselves as a rich country, the land of milk and honey.

https://www.nationaldebtclock.co.uk/

We have surpassed 3 trillion in debt and it goes up over £5000 a second.

We are crumbling from the inside out, and there is NO light at the end of the tunnel.

2 minutes ago, welsh1 said:

and forever more the Tories will be beaten with the 20 billion black hole trick.

It will be the TAX payer that is beaten, beaten until we break.

 

3 minutes ago, welsh1 said:

Everyone with half a brain knew labour would be raising taxes,and here is the start of it.

This

[mossy835]

we are paying to much to other countrys,and keeping the ones that come over in boats,and hotels,

[Old farrier]

One billion pounds 🙄

that’s a £ pound a second for 32 years 

1260 years to get out of the black hole 

its not possible even with radical changes 

[oldypigeonpopper]

Hello, Have we not been i Debt since the end of WW2 ??

[muncher]

1 minute ago, oldypigeonpopper said:

Hello, Have we not been i Debt since the end of WW2 ??

I believe we paid it off under Blair, then Gordon borrowed to get votes etc and the financial crash 2007. 

[vmaxphil]

After covid is anyone surprised? More to the point who do we owe the money to I just hope it's not the Chinese 

[Old farrier]

11 minutes ago, vmaxphil said:

After covid is anyone surprised? More to the point who do we owe the money to I just hope it's not the Chinese 

Very interesting point 👍

be interesting to learn exactly who’s lending the money to a badly run country 🙄

[oldypigeonpopper]

13 minutes ago, muncher said:

I believe we paid it off under Blair, then Gordon borrowed to get votes etc and the financial crash 2007. 

Hello, You maybe right, it came up on google 2006 but we are still in Debt by Trillions of £ssss

[Mice!]

Has anybody else noticed that since the election there is work being done on the roads?

I'm in and out of Cumbria and Lancashire regularly and I'm seeing lots of work all of a sudden,  this can't be down to new money,  it must be that those in charge were preventing the work from happening to discredit the Tories. 

[hawkfanz]

we need this antiquated voting system scrapped only then will be get the right sort of government in power,there are only five in parliament talking any sense.

[JohnfromUK]

They haven't "spotted" a black hole.  There is a very simple reason the black hole is there;

• The Tories struggled to control spending and ended up reluctantly raising taxes (mainly by the stealth of freezing thresholds), but still barely made the 'books balance'.
• Labour have (mainly and with great evasiveness) 'promised' not to raise taxes (except a few confined to "the rich" which will actually raise very little and 'windfalls' which won't help growth), so little or no extra income over what the Tories planned.
• They have 'promised' to increase spending dramatically - more for the NHS and Doctors, renationalise the railways with more for train drivers (their union pays a lot to Labour), more for public employees, a "British Wealth Fund", and state energy outfit (led by the useless loser Milliband of all people), more immigration (less control) and LOTS more - some of which the Tories also promised (extra defence spending etc.)

Same(ish) income, spend MUCH more - result - big deficit (or black hole if you like).  It's schoolboy economics ........ but apparently beyond Rachel Reeves.

Edited July 28 by JohnfromUK

[oowee]

🤣 why a surprise? Most of the people on here voted for debt. Ah i forgot its easier to blame the bogey man.

[old man]

Why would any politico give a flying fig, not their money or debt? 

As long as the trough keeps filling all is good for them?

Going to be a rough ride into the third world?

[Newbie to this]

30 minutes ago, oowee said:

🤣 why a surprise? Most of the people on here voted for debt. Ah i forgot its easier to blame the bogey man.

Don't recall voting for Covid, or the 2008 crash.

https://www.politics.co.uk/reference/national-debt/

[scobydog]

2 hours ago, Mice! said:

Has anybody else noticed that since the election there is work being done on the roads?

I'm in and out of Cumbria and Lancashire regularly and I'm seeing lots of work all of a sudden,  this can't be down to new money,  it must be that those in charge were preventing the work from happening to discredit the Tories. 

Hi Mice,

Nothing happening around my way unfortunately, some of the roads are atrocious and have been for donkey's years.

 

S

[Yellow Bear]

2 hours ago, Mice! said:

Has anybody else noticed that since the election there is work being done on the roads?

I'm in and out of Cumbria and Lancashire regularly and I'm seeing lots of work all of a sudden,  this can't be down to new money,  it must be that those in charge were preventing the work from happening to discredit the Tories. 

I think that depends on the "colour" if the local councils and undoubtably happened, 

[armsid]

If all unneccesary aid was stopped along with stopping the boats and cash to France to stop the boats how much would we have in the bag?

[Wymondley]

2 hours ago, Mice! said:

Has anybody else noticed that since the election there is work being done on the roads?

Funny you say that, they seem to have started digging up the roads and pavements all over the place round here.

[islandgun]

Every country owes money too everyone else, we lend and borrow money from all other countries that need or have it

https://www.bbc.co.uk/news/business-15748696#usa

edit to say this is very old data sorry just noticed the date, but you get the idea

Edited July 28 by islandgun

[Jega]

Find it very hard to believe that Labour didn't know the true state of the nations finances when the Office For Budget Responsibility publish their reports twice a year . Obviously Starmer and co find it easier to blame the tories for the undoubted forthcoming tax rises .

[JohnfromUK]

18 minutes ago, Jega said:

Obviously Starmer and co find it easier to blame the tories for the undoubted forthcoming tax rises .

/\ This ....... and getting back at the tories for making the most of the note Labour left in the Treasury after Gordon Brown was voted out - "Sorry, I'm afraid there's no money left"

https://www.theguardian.com/commentisfree/2015/may/09/liam-byrne-apology-letter-there-is-no-money-labour-general-election

[Mice!]

5 hours ago, scobydog said:

Hi Mice,

Nothing happening around my way unfortunately, some of the roads are atrocious and have been for donkey's years.

 

S

I was thinking there must be a tarmac shortage?

5 hours ago, Yellow Bear said:

I think that depends on the "colour" if the local councils and undoubtably happened, 

Quite possibly?

5 hours ago, Wymondley said:

Funny you say that, they seem to have started digging up the roads and pavements all over the place round here.

Long overdue everywhere,  my sister has just driven through France and said the roads were excellent. 

Someone must have been preventing the work though??

New topic coming up 👍

[oowee]

£700m for Rwanda 4 people went voluntarily. Flight ticket price is £300

Edited July 28 by oowee