"Britain Could Suddenly Go Bust"

[gulliver1]

As National debt is bigger than the Entire Economy is worth.And it's only going to grow under this Government as Borrowing soars.This Govt spends more than it collectively earns.In May the Public sector spent £20 billion more than they collected in Taxes.
Thats double the £9.4 Billion it Borrowed in May last year .Public sector net debt at the end of last month was a mind boggling £2.567 Trillion.

[bobbinwales]

Have you checked the figures for the rest of the World ....you could say the same format countrys.

[bobbinwales]

...for most countries

[bobbinwales]

2021 but it shows the picture
https://www.economicshelp.org/blog/774/economics/list-of-national-debt-by-country/

[gulliver1]

But it is expected. When the Tories give away tax payers money like £358 million on a wasted contract with Valneva.
£200 million With the PPE Medro and Baroness Mone fraud .
And the Matt Hancock dodgy ppe contract fraud £40 Million.
....."Loads of money"....you earn it , The tories just give it away
...............But only to their Cronies.

[bobbinwales]

Some good examples there of waste...adds up to over half a billion. Roughly what we spent every couple of days on NHS.
Well short of the many trillions your talking about.
Have you checked debts of USA, Italy, France, Venezuela...

[bobbinwales]

Whose your quote from.. you forgot your link ha ha

[gulliver1]

9.55 If it's posted by me, then you can take it as true.

[Peter Pedant]

OK with the theme - we are in economic trouble and it is ALL due to Brexit, and secondly all the raving brexiteers are mindless moron robots
BUT
our debt is greater than our GDP - so we cant pay it off in a year, if we dont eat - but that is like saying your income is less than your mortgage and so you;re DDDOOOOOOMMMMED

and yes tax take is less than what we spend - that is why we borrow

and yes your figures look right as I heard them on the radio yesterday

BUT.... so what ?

[Peter Pedant]

yeah gully I like the AB mantra ( used even by the meekest mods)
I say it so it is right ( dico ergo stat - Descartes might have said)

[Peter Pedant]

Bobo
we are like Vene- thwayla

o h my god, it has to be AB on an overcast day

[gulliver1]

Bobbinwales 09.55. On second thoughts .My figures come from the Tory Office of National Statistics so it could be a lie.
...........It's probably a lot worse.

[dave50]

So you think if labour were elected they would be financially competent? I don't think so, it would get worse!

[Togo]

No reply to the link I supplied to the previous claptrap then? Try this one.

https://www.briefingsforbritain.co.uk/remainers-becoming-increasingly-desperate/

[barney4444]

Who do we owe it to,why do they keep lending us more if we can't pay it back,and what could they do if we said we ain't paying you back!!

[Togo]

Or this.

https://www.briefingsforbritain.co.uk/more-dubious-brexit-claims-this-time-about-imported-eu-food-prices/

[Togo]

and this.

https://www.briefingsforbritain.co.uk/more-fake-brexit-news-this-time-from-the-guardian/

[Togo]

In case you missed it.

https://youtu.be/lkhYpHiZpWU

[bobbinwales]

Who do the goverment owe it to...Well alot of it ithey owe to you and me...goverment bonds, pension funds who invest in gilts and bonds. Noones going to be mad enough to call them all in...so we won't go bust tomorrow. O the quote was rubbish. OK?

[Togo]

""Ursula von der Leyen, the President of the European Union’s executive Commission branch announced a long-discussed new framework to the Union’s Multiannual Financial Framework (MFF), a package of funding presently running from 2021 to 2027. Agreed between member states and negotiated internally, the present agreement was said to run to nearly €140 billion ($153bn) but has, by von der Leyen’s admission, come up short when met with a series of crises after crisis this decade.""

This bit is the clue "negotiated internally" ie in secret the sucker voters aren't even allowed to know what is being planned for them. But apparently was not enough because the previously agreed MFF has been “depleted” by EU spending on Coronavirus measures, the war in Ukraine, and inflation and the energy crisis that followed. In all, European nations are being asked to provide a further €66 billion ($72bn), roughly half the value of the original agreed MFF. The increase was of course "agreed" in secret without the public being part of the discussion. It seems that our financial difficulties are but a blip on the radar of future prosperity and that we were luck to escape the impact of covid, Ukraine, and the energy crisis. We have a lot to be grateful for from the Brexit result apparently. Can you imagine the new EUSSR budget if they could still pick out pockets? It would likely have been double the proposed one and we would have been paying the lions share as was always the case.

[New Judge]

The biggest holes dug in public finances recently are the money spent on tackling Covid (much of it paid to people to sit at home for the tick end of two years) and to support energy costs (caused by successive governments - not all Tory) neglection the UK's energy security. These two together came to about £700bn. Alongside this the half a billion or so you mentioned at 09:45 are thimbles in the duck pond. And of course, the Labour Party (who wanted lockdowns and furlough to last longer and who played a large part in knackering the country's energy supplies between 1997 and 2010) would have handled it so much better.