Hilly
Member
- Location
- Scottish Borders.
Wont they just write it off one day ?
So is this stagflation?
- Thread starter Yale
- Start date
Roger Perry
Member
I was under the impression that you always pay your debts
Hilly
Member
- Location
- Scottish Borders.
So was i but this is lefties we are talking about
- Location
- JanDeGrootLand
And all it needs is devaluation of the £pound, and we all sink together.
Seriously their is that likelihood that loss of confidence by investors leads to a run on the pound and then we wont afford so much imports. Unfortunately don't export that much now so wont be able to gain from more exports.
Mm. we are going to sink!
Roger Perry
Member
indeed............but this our children's future we are putting at stake, how stupid can we get.So was i but this is lefties we are talking about
Tubbylew
Member
- Location
- Herefordshire
I found out recently that the foundry I did my apprenticeship in has banned hammers, the fitters now have to hide said hammers and things that are struck by hammers, anyone with any kind of engineering experience knows how fundementaly ridiculous this situation is. This is just one example of this insideous cancer thats pervaded in recent years. No wonder productivity is so low, and it won't get any better so far as I can see, nobody seem to have any kind of industrial strategy, just sound bites and woke nonsense.
- Location
- Montgomeryshire
That cant be right. Today's Daily Express, that bastion of unbiased journalism, has a front page calling for Jeremy Hunt to take the brakes off as the economy is on the up.
A cynic might think that they went with that, knowing that the growth figures were due out this morning showing a second quarter of contraction (technically making it a recession), so that the byelection voters would read it early today...
- Location
- East Dartmoor, Devon
Roger don't you know its immigrants future we're putting at stake because people aren't having children anymore. (I write that as a joke but it is pretty fudging serious and its the same across this country, your country and the western and developed world as far as I am aware).
- Location
- East Dartmoor, Devon
Why have they banned hammers?
Tubbylew
Member
- Location
- Herefordshire
I didn't find out for sure, but think one of the production staff hit their thumb when stamping a bar, a local tool supplier made a killing selling them air hammers so I'm told. Every cloud....
serf
Member
- Location
- warwickshire
Can't see it making a jot of difference unless it was nationalised ( which it wouldn't be,) so would be just sold on world market price at no benefit to UK
Hilly
Member
- Location
- Scottish Borders.
I know its terrible, shockingly bad leadership, Maggie thatcher left zero debt , Blair left more debt than will ever be repaid , Blair was the beginning of the end of the uk .
- Location
- Scotland
It's a double entry bookkeeping based system, can't write off the debts without writing off the assets as well
Well, the UK did very well from North Sea Oil revenues.... It was what allowed the Country to "prosper" and keep head above water for 2 decades and reduce Debt.Can't see it making a jot of difference unless it was nationalised ( which it wouldn't be,) so would be just sold on world market price at no benefit to UK
On using the UK's own oil, gas and coal reserves, the problem is that communities see Zero benefits from the first 2 whatsoever, our Govt tax the production companies, and the production companies are allowed a bit of profit. But allow say, a Parish area to see real and tangible benefits from fracking site, and views might change.
The problem comes from the State "owning" all mineral reserves underground. Not right at all, IMO.
- Location
- Scotland
Thatcher didn't leave zero debt. From 1979 to 1990 the UK national debt went from around £90 billion to £150 billion.
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SilliamWhale
Member
"Innovative financial mechanism.."
The Yanks aren't usually afraid to spend big to keep the economy going but we won't have that ability
- Location
- Ledbury, Herefordshire
Just before loads is spouted about national debt, for reference:
British national debt (recent):
British national debt (historical):
British national debt (recent):
British national debt (historical):
SilliamWhale
Member
I think we do in financial services
And that was WITH North Sea Oil revenues.....
- Location
- Somewhere in time
That doesn't redeem her, still a sour faced old hag