UK sinking under an ocean of debts?

bluebell

Member
Very sobar reading in yesterdays mail newspaper, i quote, national debt £2.3 trillion, interest on debt this year £64bn, thats nearly double the cost we spend on the uk armed forces, defence? So what happens say in 10-20 years will most of the tax income the govt gets just go on paying the interest on the ever growing debt the UK has? Now then any business man, women, that runs a business either large or small, makes a priority of getting rid of or reducing the debt or interest payments paid on it? Well we did in our company any way? my father swore after starting out in business with large morgages, bank loans, like many have to, to get it paid back as soon as possible, we got into a position in the end that we could negoticiate cash on delivery discounts with many of our suppliers, if we paid on delivery? My whole point of this thread is this, the govt isnt been honest with the public about the finantial situation the country is in, and been in really since the end of the war, but the debt burden now is coming to a head? It really makes me angry when politicans demand more money for this that and the other? from where, and when others say we are a rich country? A rich country has no debt, it has cash surpluses it lends money and gets interest, guess how pays?
 

spin cycle

Member
Location
north norfolk
the whole world is 'sinking under debt'.....the politicians that do it arn;t around when it beeds paying back......only 'grain of hope' is that we/ve been there before after the world wars
 

britishblue

Member
Mixed Farmer
Location
Scottish Borders
Have you not heard of MMT. Debt doesn't matter because if you own the money printer you can just keep printing and QE the money to buy the countries debt! I believe if interest rates went back to long term averages the good ol USA would be bankrupt. It is frightening when you owe 30 trillion and your taxation income is a fraction of what you really need. Who knows? Stock markets at all time high. Asset bubble if it is one at all time highs. It is not how I was brought up to be with money but it feels like most of the rest of the country is on the spend spend spend like there is no tomorrow which there might just not be!
 

An Gof

Member
Location
Cornwall
The real problem is that no one can comprehend the numbers. There was a chap on Radio 4 last week that put £2.3 trillion into perspective. He said that if you spent a £1m per day every day and started when the pyramids were built then today you would only be 3/4 of the way through £2.3 trillion 😮😮

It’s just mind blowing debt, the whole world is running on a confidence trick. Not much to look forward to when it all goes Pete Tong 🤦
 

robs1

Member
Higher inflation will reduce the "value" of the debt. The only ones who need to worry are the ones who are owed the money, IE the careful prudent members of society.
The problem in many ways is that there is too much money chasing too few assets which drives the price of those assets out of the reach of poorer people. The government/ councils should start up it's own pension service where people could invest their pot into social housing/ hospitals and infrastructure in exchange for a pension later, unlike the the standard uk pension your contributions would be ring fenced so the more you save the higher your pension.
Apple's shares are now worth 3 trillion yet what assets do they actually own a tiny fraction suspect, at some point in the future they will plummet
 

mountfarm

Member
Very sobar reading in yesterdays mail newspaper, i quote, national debt £2.3 trillion, interest on debt this year £64bn, thats nearly double the cost we spend on the uk armed forces, defence? So what happens say in 10-20 years will most of the tax income the govt gets just go on paying the interest on the ever growing debt the UK has? Now then any business man, women, that runs a business either large or small, makes a priority of getting rid of or reducing the debt or interest payments paid on it? Well we did in our company any way? my father swore after starting out in business with large morgages, bank loans, like many have to, to get it paid back as soon as possible, we got into a position in the end that we could negoticiate cash on delivery discounts with many of our suppliers, if we paid on delivery? My whole point of this thread is this, the govt isnt been honest with the public about the finantial situation the country is in, and been in really since the end of the war, but the debt burden now is coming to a head? It really makes me angry when politicans demand more money for this that and the other? from where, and when others say we are a rich country? A rich country has no debt, it has cash surpluses it lends money and gets interest, guess how pays?

Doesn’t matter does it. It’s never been paid back ever and it never will. National debt is just a scare mongering figure that means nothing because the people who created it, operate it, own it and dish it out will never call it in because they are one in the same people at any one time in history. It’s so irrelevant it shouldn’t even be publicised.
 

Deranged peasant

Member
Arable Farmer
Autumn 2019 and ongoing
Fed secretly pumping 100’s of b$ into US big 4 banks, rerun of 2008. Goldman’s etc.
Details just released 1 day before time limit of reporting.
Media silent
Trillions been made available.
Teetering…
 

bluebell

Member
well well, the interest we as a country pay on the debt is paid, like the loan you take out? sometimes the lender would rather you keep on paying the increasing interest on the debt, loan?
 

bluebell

Member
thats the big big difference between the oil rich arab states and us, they have massive cash surpluses that can be wasted on buying a premier football team or owning 500 race horses, while their neighbouring arab states , in poverty, drought, civil war, and is appealing to us western countries for money , help? the biggest discrace in the world are countries that have massive cash, trade surpluses due to oil, gas, etc, but the mass of the population live in poverty, dont benifit from their countries wealth, its wealth being in the hands of the few?
 
thats the big big difference between the oil rich arab states and us, they have massive cash surpluses that can be wasted on buying a premier football team or owning 500 race horses, while their neighbouring arab states , in poverty, drought, civil war, and is appealing to us western countries for money , help? the biggest discrace in the world are countries that have massive cash, trade surpluses due to oil, gas, etc, but the mass of the population live in poverty, dont benifit from their countries wealth, its wealth being in the hands of the few?

I couldn't agree more
 

thesilentone

Member
NFFN Member
Location
Cumbria
Very sobar reading in yesterdays mail newspaper, i quote, national debt £2.3 trillion, interest on debt this year £64bn, thats nearly double the cost we spend on the uk armed forces, defence? So what happens say in 10-20 years will most of the tax income the govt gets just go on paying the interest on the ever growing debt the UK has? Now then any business man, women, that runs a business either large or small, makes a priority of getting rid of or reducing the debt or interest payments paid on it? Well we did in our company any way? my father swore after starting out in business with large morgages, bank loans, like many have to, to get it paid back as soon as possible, we got into a position in the end that we could negoticiate cash on delivery discounts with many of our suppliers, if we paid on delivery? My whole point of this thread is this, the govt isnt been honest with the public about the finantial situation the country is in, and been in really since the end of the war, but the debt burden now is coming to a head? It really makes me angry when politicans demand more money for this that and the other? from where, and when others say we are a rich country? A rich country has no debt, it has cash surpluses it lends money and gets interest, guess how pays?

Name one Country that is not running a National Debt ?

The UK is currently in debt to the tune of 105% of GDP.

After the second World War, the UK was in debt to the tune of 270% of GDP, and it took 30 years to get it back to 50%.

Italy is around 150% of GDP and France around 100%


Today, money is cheap compared to historical rates, fear not. (no one gives a sxxt anyway :ROFLMAO: )


............we own the Cayman Islands, so no need to invade them if we're short of a couple of quid.
 
Last edited:

Make Tax Digital Software Poll

  • Quickbooks

    Votes: 23 18.3%
  • Sage

    Votes: 11 8.7%
  • Xero

    Votes: 52 41.3%
  • Other

    Votes: 40 31.7%

AHDB planting and variety survey

  • 42
  • 5

The AHDB Planting and Variety Survey provides the earliest view of the planted area for the upcoming harvest in the United Kingdom (UK).​


Complete the Planting and Variety Survey

The survey will estimate the area of cereals and oilseed rape intended for harvest in 2022 in the UK. It aims to assess the varietal composition of wheat, barley, oats and oilseed rape crops in the UK. The results of this survey will allow the industry to quantify domestic production, at a time when food security is more important than ever.
The information can be used to shape the domestic market and trade and assist levy payers in their marketing decisions. It will detail regional differences of cropping across the UK, which will help...
Top