..... really 
That seems quite an impressive feat if true !
http://www.bbc.co.uk/news/business-25233233
That seems quite an impressive feat if true !http://www.bbc.co.uk/news/business-25233233
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No government borrowing in 2018/19 .....
- Thread starter Westdene Seagull
- Start date
..... really
http://www.bbc.co.uk/news/business-25233233
I remember when I ran a small business in the late 80's, I would present the bank with quite an in depth business plan, it looked slick and all the figures were backed up logically with what my projections suggested.
It was to justify the bank giving me the necessary funds required and they did and I was grateful.
Always in my plans, year 3 showed increased profits and my obligations to the bank diminished, I believed it and my bank manager was happy to support me.
It never happened and every-time I hear the budget or political statement I give a wry smile when we are told how our public finances will look so much better in year 3, 4 and 5.
Footsoldier
Banned
- May 26, 2013
- 2,904
..... really
http://www.bbc.co.uk/news/business-25233233
That will change if Labour gain power. They'll bring the country to its knees.
theboybilly
Well-known member
Absolutely this
keaton
Big heart, hot blood and balls. Big balls
- Nov 18, 2004
- 9,648
That'll be the plan by the Tories who are actually borrowing more than Labour did?
yxee
Well-known member
Not as much as Labour were going to though.
Doesn't add much to compare borrowing between 2006-2010 with 2010-2013
Eddie Bee
Active member
GingerBeerMan
3-0
- Dec 29, 2011
- 8,022
Under labour, net debt went from 36 to 44% of GDP, excluding bailouts. Under the current government debt has gone from 51% to over 72% of GDP.
- Thread starter
- #10
Surely break even is a good start though ? Then we need to pay back what we've already borrowed.
Last edited:
Who was in charge when it went from 44% to 51%?
dougdeep
New member
I bet they promise to cut civil servants too.
- Aug 8, 2005
- 26,524
Yep but if you think about how they plan to get there, just to a break even point will require significant cuts and hardship. To then start to reduce the Government borrowing they will have to go even further. That means significant cuts in all public sector services, delaying pensions or increasing taxes. People are moaning about cuts in services already when they haven't even really even begun. For them to achieve what they are saying there will be a lot of pain, to start reducing the debt they will have to cut back so significantly that everyone will notice the difference. Perhaps the end of NHS for example.
I'm not saying any of this is wrong, I personally think it is very necessary, and the public sector is a beast that needs taming, but it will hurt, and people need to realise that now, and buy into the fact that for the benefit of the next generation we need to cut our cloth accordingly.
L2MidgetGem B.H.A Seagull
New member
The ConDems already have this country on It's knees blowing off America. But on a serious note. I honestly can't see how much further down this country and be brought down. As far as I'm concerned anyway. The Great was taken out of Britain long ago.
- Thread starter
- #15
Not a pop at you personally but I'd be interested to hear from those who oppose the current plans to balance the books and how they suggest we, as a country, stop living on credit ?
GingerBeerMan
3-0
- Dec 29, 2011
- 8,022
Good spot, according to figures here (http://www.theguardian.com/news/datablog/2010/oct/18/deficit-debt-government-borrowing-data):
Under Brown: 36.5-53.4% of GDP
Current govt. : 53.4-75% of GDP
Fairly similar, hardly worth of "labour will bring this country to it's knees" territory. Some people seem to think debt is being reduced under the current government, just making sure the figures are available.
L2MidgetGem B.H.A Seagull
New member
That's an Interesting question really. I could say try stop them from giving themselves huge bonuses and claiming expenses on everything they do. Or In my case believe they don't do and look at It In a more In-depth manner. The banks along with the Tories are the main cause of this I believe. Both of them pick and choose as and when to give themselves big bonuses and line their own pockets. I know that wasn't an answer but taking everything and or selling It all won't repair the damage this has done. As for how to deal with It. The only way I could possibly think Is by getting a new government In. The way this government Is running. We may as well be In Hitler's Germany Is I feel we are bordering communism. We get told what to do, where to do It, When to do it. Slowly does It we are getting dragged back to the Victorian time's. Unfortunately there has been online petitions asking to do a general election but they refused. If I can find the statement. I will post It. But as one person there's nothing I could do to balance the books. I'm just small fry. Just a thought though If this government was run like a football team and losing money left right and centre. they should cut the fat off the lazy top earners who do nothing. Possibly get the MP's to live on a normal minimum wage. We're suppose to be In this together right?
- Thread starter
- #18
Cutting what MPs earn or claim, while morally justifiable, won't cure the debt issue. You somewhat contradict yourself with :
"We may as well be In Hitler's Germany Is I feel we are bordering communism." !!!!!!!!!!!!!!!
Hitler was extreme right wing ( and hated communism ) and communism is extreme left wing.
Interesting thoughts, complete bo**ocks but interesting nonetheless.
L2MidgetGem B.H.A Seagull
New member
All entitled to our opinions, thanks for your thoughts