UK national debt still increasing by £2.3 billion a week...

nicko31 · Dec 19, 2013

That's £380 a second or its like we're funding a Olympic Games on credit every single month, the debt interest alone is costing £2000 / year fro every taxpayer. If we're ever gonna get out of this warren, the only solutions will radical ones IMO. It will be interesting to see what the 2.5% growth does to the deficit.

Anyone got any bright ideas?

NODC · Dec 19, 2013

Get Barber on the case!

The Truth · Dec 19, 2013

http://endoriot.blogspot.ie/2013/12/a-man-in-debt-demolished-his-house-and.html#.UrDHwOUeVkU

This is a good idea.

El Sid · Dec 19, 2013

Parish for Prime Minister. Pay 10p in the pound.

That'll make it 200 quid a year each.

Sorted.

Seasidesage · Dec 19, 2013

How about actually collecting taxes from rich people?

Titanic · Dec 19, 2013

Seasidesage said:
How about actually collecting taxes from rich people?

Are you aware that 30% of all income tax collected already comes from the top 1% of tax payers?

Diego Napier · Dec 19, 2013

Titanic said:
Are you aware that 30% of all income tax collected already comes from the top 1% of tax payers?

How much comes from the top 2%? Or top 3%? Or......

RexCathedra · Dec 19, 2013

At the end of the Napoleonic Wars, the UK had a national debt in excess of 250% of GDP. Now it's 90%.
This is why the rest of the 19th century was a succession of lost decades for the UK, and the burden of servicing all that debt is why it missed out on all that industrial revolution stuff. All that capital that went into the Consols would otherwise have been used to build canals, railroads, and factories.

But it didn't go there, crippling Britain in the process.

No, wait a minute, it didn't....

Diego Napier · Dec 19, 2013

RexCathedra said:
At the end of the Napoleonic Wars, the UK had a national debt in excess of 250% of GDP. Now it's 90%.
This is why the rest of the 19th century was a succession of lost decades for the UK, and the burden of servicing all that debt is why it missed out on all that industrial revolution stuff. All that capital that went into the Consols would otherwise have been used to build canals, railroads, and factories.

But it didn't go there, crippling Britain in the process.

No, wait a minute, it didn't....

It didn't and of course, there is an identical set of socio/economic factors and global opportunities at play now as there was then.

No, wait a minute, there isn't....

dougdeep · Dec 19, 2013

How long before someone suggests printing more money?

seagullwedgee · Dec 19, 2013

Note to self: "Don't ever let those useless Labour b4st4rds who got us into this debt shite get back into power, because that would totally fu(k my kids future, and their kids future, and the kids after that..."

Instructions: Light the blue touch paper, and stand well back..........

lighthouse · Dec 19, 2013

Mustafa said:
The 1% are earning astronomical wages, so of course they will pay a lot of tax - but when you consider that 10p of every pound earned in the UK is pocketed by them, as opposed to the bottom 50% who share 18p of every pound between them - this is still massively disproportionate, they should be taxed even more.

Envy is such a negative trait.

You could try celebrating the fact that these people pay their taxes in the UK rather than taking their income abroad and paying (probably less) tax there. Imagine what your tax bill would be then........

sam86 · Dec 19, 2013

Print more money.

Footsoldier · Dec 19, 2013

Cut back on the £12billion on overseas aid would be a good start.

Butch Willykins · Dec 19, 2013

sam86 said:
Print more money.

Absolutely. Maybe bring out a £100 note, would be fun using that on the bus.

Pavilionaire · Dec 19, 2013

Burn the Labour Party so they can never destroy our economy again.

Bwian · Dec 19, 2013

Titanic said:
Are you aware that 30% of all income tax collected already comes from the top 1% of tax payers?

And how much tax is avoided by the same top 1% and their companies?

If they earn their money/profits from the UK's economy then they should pay taxes here. Time for a UK government, any UK government, to close all of the loopholes-the affected companies won't pull out of this country because they're all making too much money out of us.

They shift their earnings to places where they pay little or no tax. What a phucked up state of affairs that is. Our economy gets Billions diverted to other countries who benefit, meanwhile our infrastructures are crumbling because there's not enough money to fix everything and no bugger wants to pay for it.

Pavilionaire · Dec 19, 2013

Isn't there some mineral-rich Third World country we can colonise?

somerset · Dec 19, 2013

Mustafa said:
Recover some of the £35bn tax avoidance (which has soared by £3bn under the Tories)

So it was £32bn under Labour.... what action did that lot take to reduce the burden then?

somerset · Dec 19, 2013

Bwian said:
Time for a UK government, any UK government, to close all of the loopholes-the affected companies won't pull out of this country because they're all making too much money out of us.

.

Dream on mate, they will flee in double quick time, leaving a devastating trail of unemployment behind them,....... its the middle ground that needs to be achieved here..... this is where real world thinking has its place, not fantasy, revolutionary extremism.

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UK national debt still increasing by £2.3 billion a week...

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