Budget deficit: news goes from bad to worse

Generali

Degenerate wrote: »

£301Bn of that is old news, in the pre-budget report last November. The other £159Bn is speculation by a forecasting firm. Go ahead and annouce the whole £460Bn like it is all new and established fact. Not like you're biased or anything.

Oh well that's alright then.

Vote Labour - only overspending by £100,000,000,000 a year. Probably.

1984ReturnsForReal_2

Generali wrote: »

Oh well that's alright then.

Vote Labour - only overspending by £100,000,000,000 a year. Probably.

Give or take 500%

Degenerate

Generali wrote: »

Oh well that's alright then.

No-one's saying it's good. Please explain your magical solution.

Generali

Degenerate wrote: »

No-one's saying it's good. Please explain your magical solution.

I don't have one as there isn't one despite the Great and Good pretending that there is. The whole thing is a mess but taking money from the solvent and successful to prop up insolvent businesses and individuals really isn't going to help.

lynzpower

Degenerate wrote: »

No-one's saying it's good. Please explain your magical solution.

the magical solution is to slice back the pointless spending- such as the "health in pregnancy grant".

One might also look to milk tokens/healthy start tokens as an area of pointlessness - 3.00 a week to feed yourself, on top of what you are already given- I can see the whys of this, but you wonder if its worth the cost of administering a scheme such as this. http://www.healthystart.nhs.uk/

ONe might also wonder wy every single parent in the land regardless of income recieves child benefit, needs to be means tested. Times have changed.

Is it ok for every woman in pregnancy to recieve free dental and prescriptions- again - regardless of income?

baby_boomer

http://news.scotsman.com/opinion/Bill-Jamieson-Opposing-forces-have.5092247.jp

Extraordinary times.

"...Could Britain go bust – that is, default on its debt obligations? Economists at Barclays Capital say no. Their worst-case scenario is debt peaking below the 250 per cent of GDP seen after the Second World War, when there was no default. But there was grim austerity."

How could we have got ourselves into such a situation when we had so much going for us?

lynzpower

Could Britain go bust – that is, default on its debt obligations? Economists at Barclays Capital say no.

Not being funny, but why do we believe the guys at barclays capital?

Old_Slaphead

amcluesent wrote: »

No.11 had best phone a friend to see what to do. I'm sure that nice Mr.Mugabe can advise, since Clown has been mimicking all his policies...

Can't agree with you - my mate's not been beaten up (physically anyway) by Labour thugs and thrown off of his farm yet.

Even e-bah-gum's now, after a 30 year's of slagging Britain & EU, is now asking for a bit of help......what's wrong with your Chinese & North Korean chums Comrade Bob?

Degenerate

lynzpower wrote: »

the magical solution is to slice back the pointless spending- such as the "health in pregnancy grant".

One might also look to milk tokens/healthy start tokens as an area of pointlessness - 3.00 a week to feed yourself, on top of what you are already given- I can see the whys of this, but you wonder if its worth the cost of administering a scheme such as this. http://www.healthystart.nhs.uk/

ONe might also wonder wy every single parent in the land regardless of income recieves child benefit, needs to be means tested. Times have changed.

Is it ok for every woman in pregnancy to recieve free dental and prescriptions- again - regardless of income?

I'm not going to defend every crappy bit of spending, that's not my point at all. This government has done plenty that I disagree with. However, if you think measures such as you describe are responsible for the sort of debt figures that are being predicted then you're mistaken. In the scale of the current situation they are insignificant, dwarfed by the emergency financial measures that are actually responsible for the increase in debt. Whilst the Tories carp from the sidelines about the level debt is rising to, they are basically implying we should have let everything collapse, because that was the only alternative.I don't have a lot of time for that viewpoint.