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There are 104 Billionaires living in Britain. They share a total wealth of £301 BILLION.
The total fiscal deficit is £95.5 Billion.
The 104 people could have a whip-round, solve most of the problems of 62 million, or so, people, and still have £205 Billion left between them.
They'd still be ridiculously and pointlessly wealthy.
Tbh, I think the 104 people couldn't give a flying Feck about the rest of the population and wouldn't be interested in this idea however it was dressed up.
Easy solution though isn't it?
The greater good.
The total fiscal deficit is £95.5 Billion.
The 104 people could have a whip-round, solve most of the problems of 62 million, or so, people, and still have £205 Billion left between them.
They'd still be ridiculously and pointlessly wealthy.
Tbh, I think the 104 people couldn't give a flying Feck about the rest of the population and wouldn't be interested in this idea however it was dressed up.
Easy solution though isn't it?
The greater good.
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fiscal deficit and national debt 2 massively different things no?
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Exactly, Schmilsson. This is what Cameron is famously too dim to understand.
http://www.telegraph.co.uk/news/politics/9842553/David-Cameron-given-a-lecture-on-debt-and-deficit-by-top-statistics-official.html David Cameron has been taught the difference between "debt" and "deficit" by Britain's top statistics official, after he was accused of confusing the two economic terms. The Prime Minister was issued with the explanation by the UK Statistics Authority, after he claimed in a Conservative Party political broadcast that "we are paying down Britain’s debts.” Labour wrote to the statistics body objecting to Mr Cameron's use of the phrase, as the Treasury has only been reducing the country's deficit. The national debt is still rising and will continue to do so until 2016 at the earliest, although the deficit has been cut by around a quarter. Andrew Dilnot, chairman of the Authority, wrote back confirming that national debt has risen from £811 billion to £1,111 billion at the end of 2012. He copied the Prime Minister's Chief of Staff in Downing Street into his letter. "It is clearly important for all parties to public debate in this area to understand the relevant statistical definitions and to distinguish changes in the level of debt outstanding from changes in borrowing per period, and to reflect these in their communication of the statistical trends involved," he wrote. A cunning plan by STUDYFORM, but it would only work for 12 months, then we'd be back at square one. |
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It really amazes me how many people mix that up... fwiw we now spend more on interest payments than defence.... think out bill next year is going to count for nearly half the deficit
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wonga wd be cheaper
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If all the countries in the world are in debt, who's got all the money?
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All the Billionaires.
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It would appear that Macca for one is generous although I don't think he's reached billionaire status.
McCartney being an ****? I am a retired tour and studio musician. I knew all of the Beatles. McCartney is one of the nicest people in the music business. This man personally pays all operating expenses for a hospital in a rural area near his farm. ALL EXPENSES! I have seen him send things to people in need without recognition and change people's lives while demanding no one know who made it possible. Remove the cleff from your sign in, you have no idea what it means to be a successful musician with the power to change lives. Perhaps there is an **** here, but it is not my friend, Paul. |
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Isn`t two thirds of UK Gvt debt is owed to the pension and insurance funds? therefore two thirds of the money owed is owed to ourselves?
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Send me my share then.
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You can track your pension Taxi, you will benefit from government debt eventually.
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zilzal1 29 Sep 14 23:34
we now spend more on interest payments than defence stop wasting money on facking "defence" imo. defending what exactly? can't believe everyone's fallen for the al-qaeda/isis [cambridge 2 boat] bolllocks |
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£350 billion of the national debt is actually owed to the Bank of England, ie. ourselves, as that is the amount of shorter-term bonds it bought from banks via quantitative easing. That is, it magically created money from thin air to fund government spending.
Theoretically these bonds should eventually be sold back to the market when economic conditions improve in order to avoid the inflation which adding £350 billion to the economy causes. But since all that inflation has manifested itself in higher asset prices (higher house prices, a soaring stock exchange), and the people holding most of these assets are the above-mentioned multi-billionaires, you know that those bonds will never be sold back. Otherwise the insanely wealthy would lose the eye-watering gains they've enjoyed since the financial crisis began. |
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Study French politics under President Hollande . And then continue with the Beano.
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Don't be fooled by the yachts that he's got. He's still Roman from the (Eastern) bloc
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