Banking Crisis. What If...

[HA51EMT]

Instead of spunking billions, the government had given everyone a million pounds?
Cost to government, around £65m.
Children are set up for the future.
The chavs and benefit lifestyle people spend, spend, spend. Gets the economy going.
The sensible ones invest. Gets the money back into the banks.
The rest spend and invest. A bit of both of the above.
The government slowly rake back in their monies through VAT and taxation on savings.
Would this have been feasible?
Would the £ have been devalued?

It may be apparent that I'm not a financial advisor and may well be thinking out of my arse.

Mods: Please don't move to finance.

[GeraldSmith]

HA51EMT said:

Instead of spunking billions, the government had given everyone a million pounds?
Cost to government, around £65m.
Children are set up for the future.
The chavs and benefit lifestyle people spend, spend, spend. Gets the economy going.
The sensible ones invest. Gets the money back into the banks.
The rest spend and invest. A bit of both of the above.
The government slowly rake back in their monies through VAT and taxation on savings.
Would this have been feasible?
Would the £ have been devalued?

It may be apparent that I'm not a financial advisor and may well be thinking out of my arse.

Mods: Please don't move to finance.

There are more than 65 people in the UK...

[skilly1]

There are 65m in the UK, if they gave everyone a £1 your plan would work - retard.

[anonymous-user]

HA51EMT said:

Instead of spunking billions, the government had given everyone a million pounds?
Cost to government, £65m

Would this have been feasible?
Would the £ have been devalued?

It may be apparent that I'm not a financial advisor and may well be thinking out of my arse.

Mods: Please don't move to finance.

You don't need to be a financial adviser to work out the cost wouldnt be £65million.

Do you need me to answer your other points?

[Justayellowbadge]

Oh dear.

[Steffan]

Appears to be a slight problem with your maths.

UK population 65 million each given £1,000,000 cost is NOT 65 Million it is

SIXTY FIVE MILLION MILLION or thearabouts. £65,000,000,000,000.

[Steffan]

As others have pointed out.

[monkey gland]

HA51EMT said:

Mods: Please don't move to finance.

I suspect, given the content of your post, the thought won't have crossed their minds.

[db]

HA51EMT said:

It may be apparent that I'm not a financial advisor.

no st sherlock

HA51EMT said:

Mods: Please move me to france so i can avoid the shame

[HA51EMT]

I did say I wasn't a financial advisor.
Ok then, £65b.

[VeeFour]

I think we've just found out why the country is so fked.

[didelydoo]

HA51EMT said:

It may be apparent that I'm not a financial advisor

[HA51EMT]

MRSNEAK said:

You don't need to be a financial adviser to work out the cost wouldnt be £65million.

Do you need me to answer your other points?

Yes please.

[GeraldSmith]

Steffan said:

Appears to be a slight problem with your maths.

UK population 65 million each given £1,000,000 cost is NOT 65 Million it is

SIXTY FIVE MILLION MILLION or thearabouts. £65,000,000,000,000.

Which, to put it into context, is about 1.5 times the GDP of the entire world. Have to wonder where the Government would get that kind of money from.

[Mr Trophy]

[Esseesse]

[Esseesse]

HA51EMT said:

Ok then, £65b.

[rudecherub]

HA51EMT said:

I did say I wasn't a financial advisor.
Ok then, £65b.

£65 billion would give 65 million people £1000 pounds, as in matters money we use the US billion ie one thousand million.

In the current parlance you'd need 65 trillion

[HA51EMT]

[VeeFour]

GeraldSmith said:

Which, to put it into context, is about 1.5 times the GDP of the entire world. Have to wonder where the Government would get that kind of money from.

Oh, that's the easy bit.

They just print 65 million £1m notes.

Sorted.