Britain's national debt tops £1 trillion
24-01-2012, 12:41
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#1
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To Fly, To Serve
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Britain's national debt tops £1 trillion
Our National debt has reached £1 Trillion which is 64.2% of GDP, but are borrowing less...
http://www.guardian.co.uk/business/2...s-one-trillion
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24-01-2012, 12:55
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#2
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Cable Forum Team
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Re: Britain's national debt tops £1 trillion
Ironic that Labour are critcising the level of the debt...
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24-01-2012, 12:58
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#3
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Re: Britain's national debt tops £1 trillion
Quote:
Originally Posted by Stuart
Ironic that Labour are critcising the level of the debt...
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The debt was cuased by the economic crisis and ther need for Labour to invest after 17 years of little spending by Thatacher/Major!
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24-01-2012, 13:04
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#4
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Shinigami & Wing
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Re: Britain's national debt tops £1 trillion
Quote:
Originally Posted by Alan Fry
The debt was cuased by the economic crisis and ther need for Labour to invest after 17 years of little spending by Thatacher/Major!
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Oh the irony, Labour didn't invest, that was the whole problem: They just peed the money away on employing legions of non-productive pen pushers and left nothing to show for it except now a ten year bust due to a structural deficit that can only be recovered from by sacking all the non-productive pen pushers.
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24-01-2012, 13:11
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#5
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Re: Britain's national debt tops £1 trillion
Quote:
Originally Posted by heero_yuy
Oh the irony, Labour didn't invest, that was the whole problem: They just peed the money away on employing legions of non-productive pen pushers and left nothing to show for it except now a ten year bust due to a structural deficit that can only be recovered from by sacking all the non-productive pen pushers.
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What about in the NHS, Education, Policing and Transport?
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24-01-2012, 13:22
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#6
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Re: Britain's national debt tops £1 trillion
Quote:
Originally Posted by Alan Fry
What about in the NHS, Education, Policing and Transport?
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An article i read the other day said (in labours own words)that they wasted 1/3 of the money allocated for new hospitals and schools
I will try to find it and post back
---------- Post added at 13:22 ---------- Previous post was at 13:18 ----------
found it
Quote:
Shadow education secretary Stephen Twigg has admitted that Labour's school building programme "didn't always deliver absolute value for money".
He also told the Observer he would have cut £2bn from the Building Schools for the Future (BSF) budget if re-elected.
The coalition government scrapped the £55bn BSF project in July 2010, arguing it had been beset by "massive overspends" and "needless bureaucracy".
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http://www.bbc.co.uk/news/uk-politics-16566635
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24-01-2012, 13:42
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#7
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Re: Britain's national debt tops £1 trillion
Quote:
Originally Posted by martyh
An article i read the other day said (in labours own words)that they wasted 1/3 of the money allocated for new hospitals and schools
I will try to find it and post back
---------- Post added at 13:22 ---------- Previous post was at 13:18 ----------
found it
http://www.bbc.co.uk/news/uk-politics-16566635 |
They have wasted money, but they did cut crime and improve heathcare and education, still I was not keen on New Labour
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24-01-2012, 15:00
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#8
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cf.geek
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Re: Britain's national debt tops £1 trillion
If you add in all the 'forgotten' Government liabilities (like PFI, future pensions and National Rail debts), we probably passed £5 trillion last November.
http://www.londonlovesbusiness.com/commentanalysis/uk-national-debt-5000000000000/641.article#
How much debt is currently in the hands of our banks, pension funds and financial sector?
Last edited by ceedee; 24-01-2012 at 15:22.
Reason: Oops: missing link to "real" National Debt explanation
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24-01-2012, 15:04
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#9
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Re: Britain's national debt tops £1 trillion
Quote:
Originally Posted by ceedee
If you add in all the 'forgotten' Government liabilities (like PFI, future pensions and National Rail debts), we probably passed £5 trillion last November.
How much debt is currently in the hands of our banks, pension funds and financial sector?
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PFI was a big mistake, ther Government should ban new PFI schemes and pay off the PFI debt over time!
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24-01-2012, 16:21
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#10
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Nil Status Nisi Optimum
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Re: Britain's national debt tops £1 trillion
Quote:
Originally Posted by Alan Fry
What about in the NHS,
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They threw millions upon millions at the NHS, there were some improvements but was it value for money?
What they did was line the pockets of GPs.
Kids turning up at university with less than basic reading and writing skills.
encouraging everyone to go university for "non" degrees, thus devaluing the actual degrees that they were encouraging everyone to go for.
So much so, that now any kid that invested 3 years of their life studying for a "media studies" or equivalent is probably looking forward to a future of stacking shelves and washing toilets whilst they payback the thousands of pounds worth of debt they were encouraged to get into for a worthless certificate.
PCSOs nuff said.
Please do tell of Labours triumphs. I think the M4 bus lane is the pinnacle of their achievments.
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24-01-2012, 16:33
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#11
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Re: Britain's national debt tops £1 trillion
Quote:
Originally Posted by Pierre
They threw millions upon millions at the NHS, there were some improvements but was it value for money?
What they did was line the pockets of GPs.
Kids turning up at university with less than basic reading and writing skills.
encouraging everyone to go university for "non" degrees, thus devaluing the actual degrees that they were encouraging everyone to go for.
So much so, that now any kid that invested 3 years of their life studying for a "media studies" or equivalent is probably looking forward to a future of stacking shelves and washing toilets whilst they payback the thousands of pounds worth of debt they were encouraged to get into for a worthless certificate.
PCSOs nuff said.
Please do tell of Labours triumphs. I think the M4 bus lane is the pinnacle of their achievments.
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What about the new hospitals and reduced waiting times, HS1, more Police etc.
I strongly agree that New Labour has been a disappointment, but so have every government since WW2.
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24-01-2012, 16:46
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#12
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cf.geek
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Re: Britain's national debt tops £1 trillion
Quote:
Originally Posted by Alan Fry
but so have every government since WW2.
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It is very easy to be in opposition & promise the world - less easy to actually deliver when you are in power.
Saying that, The Tories managed to win four elections on the trot & labour three so the electorate can't have been too disappointed!
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24-01-2012, 16:51
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#13
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To Fly, To Serve
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Re: Britain's national debt tops £1 trillion
Quote:
Originally Posted by Pog66
It is very easy to be in opposition & promise the world - less easy to actually deliver when you are in power.
Saying that, The Tories managed to win four elections on the trot & labour three so the electorate can't have been too disappointed!
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Yes the last wone was won with the help of The Sun, John Major was a terrible PM!
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24-01-2012, 17:33
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#14
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Re: Britain's national debt tops £1 trillion
Stop feeding the troll... 
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God only knows what sort of mess we'd be in if Brown hadn't been so 'prudent' and Bliar hadn't been 'tough on crime...' and so selflessly devoted to world peace and eradicating poverty... 
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24-01-2012, 17:42
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#15
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Re: Britain's national debt tops £1 trillion
All this crap about one party being better than the other.I really am beginning to detest party politics as it never ever really gets anything done and we just keeping changing one ideology every few years for another without getting anything sorted long term.
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