One Trillion Quid debt?

[Pink_Panther]

And according to the news every man woman and child owes £16,000.

Excuse me Mr Chancer, I mean Chancellor. I did not borrow this money cos I am poor.

No! Really! I'm so poor the banks wont let me borrow a penny!

It's nothing to do with me.

I'm careful with my dosh; I buy the yellow tins at the supermarket an stuff like that.

I ignore all the double glazing fellas and such folk.

In short I'm a tight git that knows the value of money.

Someone is borrowing all this money and laying the blame at my door!

Cheeky Bugga's! Do they think we are all brain dead?

[FRANCIS2000]

yes its the old old story, they waist it, throw it about as if it was water, start a war or to so on, then would you belive it , its all our fault yes us, and yes as its down to us yet again we have to dig deep to repay it, o well , can anyone lend me a £10a , me poor, old on me way out
o buy the way i am selling me false teeth as i cannot afford to eat anymore

[terry5732]

I'll trade ya

http://www.brillig.com/debt_clock/

[BLOXBOOKS]

Yes and Yes OP, I agree "Cheeky Bugga's!" They do "think we are all brain dead?"

[suesjools]

IMHO government officials should pay for their misadventures out of their own pockets - maybe then they'd learn the value of saving, (and if they didn't, well, at least we the people wouldn't be responsible for their outrageous foul ups).

Just my 2 cents.

Best wishes for many sales to all,

[poppa501]

IMHO government officials should pay for their misadventures out of their own pockets - maybe then they'd learn the value of saving, (and if they didn't, well, at least we the people wouldn't be responsible for their outrageous foul ups).

Just my 2 cents.

Best wishes for many sales to all,

You have 2 cents? Braggart!

[PATRIOT73]

why isit wiv all these cuts etc
is uk debt still rising?

too many tax loopholes fer the rich
n 25k benefits payouts aint enuff...............£500 aweek.....................thats more than a workiin person earns in aweek

n church dogooders veto'd the bill

[westlondoncarparts]

In response to post #7, when people lose their jobs because of the Government's economic policies, the following happens:
Public sector employees receive employment termination payments that come from the public purse.
Until re-employed, the Government loses income tax paid by the employee.
Until re-employed, the Government loses employee National Insurance paid by the employee.
Until re-employed, the Government loses employer National Insurance paid by the employer.
Until re-employed, the Government might have to make welfare payments to the unemployed person such as Housing Benefit and Job Seekers Allowance.
The Government loses the VAT that the unemployed person would pay on expenditure for purchases when the person has reduced spending power.
The Government loses the corporation tax that companies pay on their profits when profits drop because unemployed people do not have their previous spending power.
The Government has to subsidise retraining in some cases.
The Government has to top up company pensions schemes that are underfunded when a company goes out of business.
And so on.

On top of that we have the chickens coming home to roost on historical financial mismanagement by successive Goverments. For example, pension contributions made by Government workers during their working lives have never been put aside in a separate fund but have been used instead to fund day to day Government expenditure over the years. Now that there is a bulge in the number of Government workers retiring, the cupboard is bare when it comes to paying them the pensions that they have paid into. As another example, the Private Finance Iniatives that were basically a bit of accounting smoke and mirrors to take Goverment debt off the National Balance Sheet and to hide Government spending mean that the taxpayer is now having to pay the cost of these hidden mortgages secured against public assets. In the corporate world, there are statutory accounting standards that have to be followed so that there is transparency in published accounts. We do not have that in the UK Government accounts which means that a lot of the financial mismanagement that has taken place over decades is obscured from view.

So it is not really surprising that the UK's National Debt is increasing.

And will continue to rise.

[suesjools]

You have 2 cents? Braggart!

LOL! It's really bf's money, pinched it when he wasn't looking.

Best wishes for many sales to all,