We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Question about the defecit?
Comments
-
Blacklight wrote: »So without that would we have had a surplus then? Also, how much will the banking shares that we own go towards paying off the actual debt?
I think you have firmly grasped the wrong end of the stick Blacklight.
There are 2 things here. The first is the budget deficit. That is caused by the Government taking in less in taxes than it spends. To use an imperfect analogy, it is like earning £500 a week, spending £650 a week and putting the balance on your credit card. Ultimately that is unsustainable.
The second thing is QE. That is the Bank of England crediting money to the Government's bank account it holds with the BoE and then using that money to buy up Government debt. It's similar to you having a printing press and printing money to pay off your credit card bill. The only difference being that with QE the BoE reckons it will later sell the debt it has bought back to the market and then cancel the extra money it produced. Time will tell whether that ever happens - I have my doubts.
The 'spending' on QE is money created out of thin air by the bank of England and so isn't a part of the deficit.0 -
Is that not when we introduced the NHS? some austerity.
Very different times to now.Food Rationing
Rations for 1 Week for 1 Person1oz cheese (Roughly about 2 inch by 1 inch by half inch cube, barely enough to fill 1 sandwich)
2oz tea (Equivalent to about 20 teabags today)
2oz jam spread
4oz bacon or ham
8oz sugar
1 shilling's worth of meat
8oz fats of which only 2oz could be butterLater sweets and tinned goods could be had on a points system. Bread was not rationed until after the war in 1946. For many rationing was harder after the war in the late 40s and early 50s than during the war.
Rationing ended 21 Feb 1952.0 -
Thrugelmir wrote: »Very different times to now.
May be different but they still committed to giving everyone free healthcare :beer:'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Reminder, the great economic debate to look forward to this evening;)
JamesU0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards