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Deficit Higher If Northern Rock Removed

DecentLivingWage
DecentLivingWage Posts: 738 Forumite
in Debate House Prices & the Economy
A staggering borrowing cost for Osborne today, won't be long before questions are asked about the tweaking of figures - such as assets. (Northern Rock) A lot of shocked faces at the Finance Committee.
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Comments

  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    The British Government owns an asset and pays its owner a dividend. Is this a problem?

    It is for a numpty-nomonist.
  • DecentLivingWage
    DecentLivingWage Posts: 738 Forumite
    Does this look numpty-like to you? Or a bit too close to the truth for comfort for Osborne in Wonderland

    http://edconway.tumblr.com/post/48683135661/if-you-exclude-the-effects-of-either-northern-rock
  • angrypirate
    angrypirate Posts: 1,151 Forumite
    Proof that there hasnt actually been any real austerity at all thanks to the Lib Dems.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    DecentLivingWage wrote: »
    Does this look numpty-like to you? Or a bit too close to the truth for comfort for Osborne in Wonderland

    http://edconway.tumblr.com/post/48683135661/if-you-exclude-the-effects-of-either-northern-rock

    So in your opinion should the SLS profits been taken out of the debt calculation or included and why? In addition, do you think losses should be included?

    We could have the same conversation about what's going on with accounting for NRK and B&B.

    You understand that National Accounting is done by international convention not by state diktat, right? (in normal countries at least)
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    Generali wrote: »

    You understand that National Accounting is done by international convention not by state diktat, right? (in normal countries at least)

    Are we a normal country any more?

    More normal than Zimbabwe maybe.

    Certainly think we are creative, we have being playing the game for long enough.
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
  • DecentLivingWage
    DecentLivingWage Posts: 738 Forumite
    When the figures are announced and claims made, then it needs to be honest,represented honestly in the media and open to debate and questioning. Canny Voters are much more wised up on social media these days and sneakiness and dishonesty will result in lack of trust in the gov in the end!
  • mystic_trev
    mystic_trev Posts: 5,434 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    What's happened to your £3.62 a litre for Petrol, we should be paying now?

    https://forums.moneysavingexpert.com/discussion/4014245

    I think you're a bit 'Northern'....Northern Rock...c...!
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    DecentLivingWage wrote: »
    When the figures are announced and claims made, then it needs to be honest,represented honestly in the media and open to debate and questioning. Canny Voters are much more wised up on social media these days and sneakiness and dishonesty will result in lack of trust in the gov in the end!


    have to agree with your there; which is why it will be very hard for labour to be trusted again
  • michaels
    michaels Posts: 29,261 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    mystic_trev wrote: »
    What's happened to your £3.62 a litre for Petrol, we should be paying now?

    https://forums.moneysavingexpert.com/discussion/4014245

    I think you're a bit 'Northern'....Northern Rock...c...!


    Hmm - can I have some of what s/he is on? Problem is based on the non-stop posting of politico hack type threads I suspect the OP may be a senior economic advisor to the Labour party :eek:
    I think....
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    michaels wrote: »
    Hmm - can I have some of what s/he is on? Problem is based on the non-stop posting of politico hack type threads I suspect the OP may be a senior economic advisor to the Labour party :eek:

    It would explain the complete lack of understanding of maths or economics or even how to work a keyboard.
This discussion has been closed.
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