Sort out the economy

man_of_faith

i do not know how realisitic this is.

the country is in the mire, that appears to to be a fact from what cameron has said

what about some form of bond folk can buy like they did in the war

peop-le could put money in to the country and get back on its feet i reckom i could get 100 quid to getther if every one could do something ssimiler then that would be a lot of cash.

that way we can do some thing about the problems we are facing

:):):)

TM1976

Just to put it in perspective the UK is spending £156bn more than it gets in income.

If everyone in the UK put in £100 that would be about £7bn, so even if this money was given to the government instead of loaned as you described we the gov't would still have £149bn less next year than it had last year. Furthermore without cutting what it spends it's likely to loose a similar amount next year unless there is a pretty spectacular upturn in the economy.

Nice sentiment but it's a drop in the ocean.

If everybody in the UK gave an extra £2,100 in tax or reduced benefits (including the economically unactive such as children and OAPs) all it would do is pay for what we overspent last year.

man_of_faith

we would have to sart somewere...take more off the richsomeone with a job...£750....a dog owner £800...unemployes ...a tenner....people in posh post codes...a bit more...people whos house has a decent view....£1000 people who own a sit on mower...£1000

you get the idea...sorted in no time

Mikeyorks

Buy Premium Bonds.

You'll be giving money to the Treasury - with little prospect of return - that way.

DVardysShadow

I heard it would take £22000 per person to fix it. I would put up that sort of money to stop Mr Hitler. But I fear that if we all pay it, New Labour willbe back before they have got their heads around the mess they have made. At the moment, they are too keen on putting the case for more of the same. So perhaps we would do well to pay slowly to get out of the mess.

Andy_L

man_of_faith wrote: »

what about some form of bond folk can buy like they did in the war

Its just a form of borrowing money, which is part of the reason we're in this mess, and is likely to be more expensive than borrowing from the money markets due to the extra admin overhead

John_Pierpoint

We "inflated" our way out of the debts caused by World War 2.
Now we are in a global economy, nobody is going to be stupid enough to offer money to the government on a "pay it back sometime" War Loan deal, so the government might have a problem with inflation, as the rate it has to pay to roll over its loans will keep on going up and we will be paying interest on interest.
That said, the UK has a long term loan book compared with the average country in the West, so it has the most investors that are locked in, should the government try to inflate its debts away.
Because of interest on interest I understand the debt is heading towards 35K per adult.
A lot depends on how you count the borrowing from the future (PFI = rent it not buy it. and unfunded pensions) and what our collective investment in the banks is really worth.