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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

If you thought personal and Government debt was not out of control with the Tories..

24

Comments

  • dealer_wins
    dealer_wins Posts: 7,334 Forumite
    Guess its a good idea not to have children then LOL
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    edited 28 August 2012 at 6:09PM
    You've got a big problem when people as a nation we are taking on more debt, but as a nation still falling backwards in terms of lifestyles and living.

    Were at the point now where were taking on more debt simply to pay for the debt we already have.

    No doubt this can last a few more years yet though. It's certainly encouraged. Every single bit of stimulus is based on people taking more and more debt, the latest bit of stimulus being the government (taxpayer) taking on debt to loan out to the banks to loan out to us, as the banks won't lend, as were too far in debt.

    Artificially make the debt cheaper, and hope people will take on more.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    Graham_Devon wrote: »
    You've got a big problem when people as a nation we are taking on more debt, but as a nation still falling backwards in terms of lifestyles and living.

    Were at the point now where were taking on more debt simply to pay for the debt we already have.

    No doubt this can last a few more years yet though. It's certainly encouraged. Every single bit of stimulus is based on people taking more and more debt, the latest bit of stimulus being the government (taxpayer) taking on debt to loan out to the banks to loan out to us, as the banks won't lend, as were too far in debt.

    Artificially make the debt cheaper, and hope people will take on more.


    the government isn't taking on more debt to loan out; it is printing money
    EU tariff on agricultual product 12.2%
    some dairy products 42.1% cloths 11.4%
    EU Clinical Trials Directive stops medical advances
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    CLAPTON wrote: »
    the government isn't taking on more debt to loan out; it is printing money

    Yes, because too much debt caused a reduction in growth.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    Graham_Devon wrote: »
    Yes, because too much debt caused a reduction in growth.


    too little demand causes a reduction in growth (or insufficient supply but clearly that's not the UK's problem)
    EU tariff on agricultual product 12.2%
    some dairy products 42.1% cloths 11.4%
    EU Clinical Trials Directive stops medical advances
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    CLAPTON wrote: »
    too little demand causes a reduction in growth (or insufficient supply but clearly that's not the UK's problem)

    Righty-O.

    We could go round the houses on this one, but I won't bother.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Graham_Devon wrote: »
    Yes, because too much debt caused a reduction in growth.

    The debt gave the UK some years of above average growth (compared to other G20 countries. So logic dictates that now debt is being reduced that growth will be below average.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Thrugelmir wrote: »
    The debt gave the UK some years of above average growth (compared to other G20 countries. So logic dictates that now debt is being reduced that growth will be below average.

    Is that not assuming that the G20 countries didn't have debt? a strange assumption unless those excess funds only visited the UK.
    '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 Thatcher
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    StevieJ wrote: »
    Is that not assuming that the G20 countries didn't have debt? a strange assumption unless those excess funds only visited the UK.

    Those "excess funds" were in part growth of consumer debt, i.e. equity withdrawl.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Thrugelmir wrote: »
    Those "excess funds" were in part growth of consumer debt, i.e. equity withdrawl.

    Are you saying that increasing consumer debt did not occur in other G20 countries?
    '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 Thatcher
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.6K Banking & Borrowing
  • 254.5K Reduce Debt & Boost Income
  • 455.5K Spending & Discounts
  • 247.5K Work, Benefits & Business
  • 604.4K Mortgages, Homes & Bills
  • 178.6K Life & Family
  • 262K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture