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Is That It? in The AnswerBank: News
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Is That It?

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ToraToraTora | 09:08 Sun 12th Jan 2025 | News
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https://www.bbc.co.uk/news/articles/cqx9jggw9ndo

£600m? That's about 2 days worth of NHS! Hardly worth the trip.

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Remind me, when Cameron kowtowed to the Chinese how much profitable business did that produce?

Not only is it peanuts it's peanuts over 5 years. Britain is owed 1 billion by Qatar alone.

£14 billion of trade and investment deals have been signed between UK and Chinese firms as the Chinese Premier Li Keqiang meets Prime Minister David Cameron during a visit to the UK

https://www.gov.uk/government/news/uk-and-china-agree-14-billion-of-trade-and-investment-deals#:~:text=£14%20billion%20of%20trade%20and%20investment%20deals%20have%20been,a%20visit%20to%20the%20UK.

It covers the national debt for a day and leaves a bit over for a jolly.

I thought that -£600m over 5 years - why bother!

Not a money man myself but is it true that interest on bonds has gone up and since Reeves has been in China the interest we now pay on servicing our loans has gone up by £12 billion a year.  Makes her £600 million in new stuff look like small fry.

£446,688,000 a day isn't it?

Can the site mathematicians check.

the Chinese must be laughing their socks off...

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09:28 yep we now pay more than the entire defence budget in debt interest.

^As is the rest of the world.  The woman is an embarrassment.

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when I first heard this I thought it was £600bn!

It's loose change.

It is China who will be making the £600billion. As ever the commie wannabees are decades out of date and are again ignoring the malign behaviour and exploitation carried out in the name of "progress". Instead of cosying up (and making us party to the abuse) to this dangerous administration we should be forging links with the free World economies. Why in gods name is this disasterous bunch of clowns ignoring Taiwan, South Korea, Japan, The Phillipines, Vietnam, and others, to do one sided deals with the aggressor and missing out on much better trade with all the surrounding Countries that will now consider us in harness with the Country that is trying to intimidate them?    

If my maths is right (please correct me it it isn't) that's less than 3 days of interest payments on the national debt.

Oops - didn't see Clones posts before I posted. 

My maths says not much more than a day.

In fairness to the esteemed chancellor the biggest slice of profitable trade with China was already in place thanks to Truss and her 'new pork markets' tour a few years back where she also gave the world its first look at her 'rabbit in the headlights' look which was to become her trademark.

Tough to top that.

Rachel Reeves looks a lot like one of my EXs - she was no good with the finances either! 🤣

Given this is the worst start for any Goverment ever, the budget was anti-business and growth, and the fact that Reeves is incompetent, I give it six months before Free Gear gets shot of her.

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