britains trillion pound horror story

[fido]

on C4 now .. Good honest television that you won't find on the BBC.

[Oily Nails]

Hmmmmmm......not so sure on the format so far

[M001]

Truly shocking. Politicians who don't even know what the debt is!!!

[F93]

Finally, a program that isn't afraid to punch social democracy right in the face!

If only they did do it!

But no, Labour and the trade unions will blither on about ITS UNFAIR. Of course it is, without a large welfare budget, half of Labour's income disappears!

[JensenA]

It was a real eye opener, it should be made compulsory viewing in schools. Lots of interesting facts that made you realise what st streak the UK is in. For example we spend more on Welfare alone, that we raise in Taxation. In Communist China 28% of the economy is controlled by the state. In the good old free economy UK it is 53%.

[bosscerbera]

Plenty of discussion about this in this thread some time ago.

[derestrictor]

A simply magnificent exposé of the tax fallacy, per se.

Depressing and inspiring in equal measure.

[Big Rod]

JensenA said:

it should be made compulsory viewing in schools.

I remember over 30 years ago being off school ill and watching something on the OU about basic finances. It was very simple and completely politically unbiassed so much so that even I as a 7 year old could understand it.

I've carried that understanding from that moment on.

The thing is, how on earth do people who's job it is to manage this make such a monumental fvck up of it.

That show last night was very scary!

[cymtriks]

The big question though is "What will be done about it?"

Cameron just had a golden opportunity to stop the rot but in the end the big spending review only eased the foot off the accelerator. We will still have a deficit, we will still have a vast public sector, the cuts are to be phased in over several years, the predicted debt in several years time is still bigger than todays....

The truth is that Cameron has missed his best opportunity to do it. He has four years before the next election, he has the excuse, people wanted change... but... what did we actually get.


At best there will be years of long drawn out recovery.

Serious thoughts on "What Will be Done" anyone?

[AJI]

This was a great eye-opening documentary that threw punches in to the face of the Labour party traditions and their union controllers.

The union boss in the documentary really showed how stupid he was by not being able to answer and admit the single most important fact hitting the UK in recent times.


Truly shocking how oversized government has become in recent times.

[Fittster]

cymtriks said:

Serious thoughts on "What Will be Done" anyone?

Default. The horror story is for people who have bought uk debt.

[V88Dicky]

Get rid of the NHS, and put the £100 Billion saved each year into paying back our debt. Only 48 years later, and hey presto! debt paid off

[Bing o]

cymtriks said:

The big question though is "What will be done about it?"

Cameron just had a golden opportunity to stop the rot but in the end the big spending review only eased the foot off the accelerator. We will still have a deficit, we will still have a vast public sector, the cuts are to be phased in over several years, the predicted debt in several years time is still bigger than todays....

The truth is that Cameron has missed his best opportunity to do it. He has four years before the next election, he has the excuse, people wanted change... but... what did we actually get.


At best there will be years of long drawn out recovery.

Serious thoughts on "What Will be Done" anyone?

It's a tough one - do you cut hard and fast, chuck a million people onto the rock and roll, and cause huge civil unrest, in the hope that you can turn it around in 5 years? The British affliction is a selfish one now - me, me, me, my right etc that I don't see it being possible to slash and burn. CMD is on more of a gentle path, allowing GBP to devalue may help kick start the private sector whilst not flooding the job market with a million public and private sector workers.

I really hope that we see a second term for the Tories with a better economuic wind at their sales, as generally their policies make sense. Returning to Labour too soon will seal Britain's fate for decades I fear.

[AshVX220]

cymtriks said:

The big question though is "What will be done about it?"

Cameron just had a golden opportunity to stop the rot but in the end the big spending review only eased the foot off the accelerator. We will still have a deficit, we will still have a vast public sector, the cuts are to be phased in over several years, the predicted debt in several years time is still bigger than todays....

The truth is that Cameron has missed his best opportunity to do it. He has four years before the next election, he has the excuse, people wanted change... but... what did we actually get.


At best there will be years of long drawn out recovery.

Serious thoughts on "What Will be Done" anyone?

The only thing Cameron and every other politician wants is re-elction. He's trying not to upset too many people who rely on various benefits etc, because he knows that by pising them off, he'll lose the vote and won't get in next time.
Usual thing with politicians, instead of doing what's right, they do what's needed for re-election. Which is why we're fked as a country. Too many oxygen thieves now that will vote based on what they get from Labour against what they'll lose with the Tories.
Labour should be disbanded as a political party for the complete mess they left the country in. IIRC, we were in the black when they came to power. (could someone confirm that?)

[Fittster]

Bing o said:

I really hope that we see a second term for the Tories with a better economuic wind at their sales, as generally their policies make sense. Returning to Labour too soon will seal Britain's fate for decades I fear.

This would be the same Tories who are actually spending more than the last Government?

"total public current spending is planned to increase by £92.5 billion over the next five years, rising every year during that period"

John Redwood

We will use inflation to default on our debt.

[Bing o]

Fittster said:

Bing o said:

I really hope that we see a second term for the Tories with a better economuic wind at their sales, as generally their policies make sense. Returning to Labour too soon will seal Britain's fate for decades I fear.

This would be the same Tories who are actually spending more than the last Government?

"total public current spending is planned to increase by £92.5 billion over the next five years, rising every year during that period"

John Redwood

We will use inflation to default on our debt.

Yes, those ones :s

[Frankeh]

V88Dicky said:

£100 Billion saved each year into paying back our debt. Only 48 years later, and hey presto! debt paid off

Most depressing thing I've ever read.

[V88Dicky]

Frankeh said:

V88Dicky said:

£100 Billion saved each year into paying back our debt. Only 48 years later, and hey presto! debt paid off

Most depressing thing I've ever read.

Isn't it just

[DS3R]

I liked the pile of £50 notes, 6561* miles high = the UK National Debt.

'* I think, I may have got that wrong by a few miles. The problem with these huge numbers is as the public proved when looking at the truck with the 4.8Trn on the side, generally had no idea what it was.

Pretty shocking that you could sell all the property in the UK and still be a trillion short of paying the debt back...

[RichardD]

Money is being spent from the future because of thinking the future will be bigger than the present. More people, more houses, more shops, more stuff all using more energy and more resources. So borrowing costs that can be covered from future growth.