Even worse than it looks

[Lincsbodger]

latest figures from the Institute for Fiscal Studies calculated for the Guardian suggested public debt could double from £890bn to £1,790bn.

Jesus ****ing christ, wtf did labour DO with all the money, this isnt merely incompetence but outright criminal negligence.

 

[ajstoneservices]

l wtf did labour DO with all the money,

They filled the country with ornaments.

 

[Norcon]

Joe 90's predictions are correct.
The debt mountain will snowball despite any cuts the Tories will make. Its too late.
There's a financial tsunami on the horizion and whilst nu labour have greatly contributed to its phenomenomal force many other influencing factors were to blame also.

 

[mickyg]

well, I'm no genius but I can do a quick calculation for you:

labour create 1 million pointless state funded jobs

so 1000000 X the average wage of what 23k?

X 13 years

=£299000000000

so thats a start

how do you like my economics, reckon I'd get a job in whitehall?

 

[D_Hailsham]

labour create 1 million pointless state funded jobs

so 1,000,000 X the average wage of what 23k?

X 13 years =£299,000,000,000

so thats a start

how do you like my economics, reckon I'd get a job in whitehall?

Are you suggesting that those million people should pay back all the money they received? That would be difficult. The best you could do is save £23 billion a year from now on.

In any case a good 30% or more of their wages is just money circulating through government departments. The Treasury pays someone £23K, from which money is deducted for tax and national insurance. This money eventually ends back at the Treasury, so the real cost of the clerk is may be £15K and the gross saving about £15 billion

You have also forgotten the cost of making all those people redundant - redundancy pay, unemployment benefit, council tax benefit, housing benefit etc etc. That could easily be £10 billion a year, so your net saving is £5 billion a year.

So that's where the £6 billion saving is coming from.

 

[geraint]

Joe 90's predictions are correct.
The debt mountain will snowball despite any cuts the Tories will make. Its too late.
There's a financial tsunami on the horizion and whilst nu labour have greatly contributed to its phenomenomal force many other influencing factors were to blame also.

and what were they then.. and PLEASE dont say GLOBAL...

 

[dextrous]

Something about "chickens", "home" and "roost" is springing to mind

 

[geraint]

You have also forgotten the cost of making all those people redundant - redundancy pay, unemployment benefit, council tax benefit, housing benefit etc etc. That could easily be £10 billion a year, so your net saving is £5 billion a year.


THAT is the saving simple..

that is what this country HAS to do. to save us from being bankrupot like greece...

 

[Thermo]

well when the last guy from the treasury leaves a note saying, good luck the money is all gone, it sums up what labour did. What the hell would they have done if they had got back in?

 

[dextrous]

Here's a little story that will warm the cockles of your hearts and is of some relevance.

We currently rent out rooms in my deceased parents' house in London. One of the occupants is a single Polish mother who has never worked in the UK and whose ex-husband (father of first child) and the other father of her second child are nowhere to be seen (think they are back in Poland) and not making any financial contribution towards her nor the children. The council pay for her (extremely reasonable) rent, and other allowances for her and her children to live reasonably comfortably. Any little jobs she has for the neighbours - bit of cleaning now and again are not declared, and she can afford to smoke about 20 cigs a day.

She recently told one of her friends in Poland (who was struggling to bring up her own single parent children) that she should come to the UK since we are so generous with our social care.

Thought you'd like my little anecdote

 

[Norcon]

Joe 90's predictions are correct.
The debt mountain will snowball despite any cuts the Tories will make. Its too late.
There's a financial tsunami on the horizion and whilst nu labour have greatly contributed to its phenomenomal force many other influencing factors were to blame also.

and what were they then.. and PLEASE dont say GLOBAL...

The crisis of credit and peoples GREED.

 

[Karinska]

Here's a little story that will warm the cockles of your hearts and is of some relevance.

We currently rent out rooms in my deceased parents' house in London. One of the occupants is a single Polish mother who has never worked in the UK and whose ex-husband (father of first child) and the other father of her second child are nowhere to be seen (think they are back in Poland) and not making any financial contribution towards her nor the children. The council pay for her (extremely reasonable) rent, and other allowances for her and her children to live reasonably comfortably. Any little jobs she has for the neighbours - bit of cleaning now and again are not declared, and she can afford to smoke about 20 cigs a day.

She recently told one of her friends in Poland (who was struggling to bring up her own single parent children) that she should come to the UK since we are so generous with our social care.

Thought you'd like my little anecdote

It makes you wonder on what grounds she was let in in the first place

 

[larco]

Here's a little story that will warm the cockles of your hearts and is of some relevance.

We currently rent out rooms in my deceased parents' house in London. One of the occupants is a single Polish mother who has never worked in the UK

If you cared about the situation you would not be making money out of these parasites. If you think what she is doing is wrong why do you give her accomodation and make money out of it?
There is a lot of people making huge amount of money out of this immigration scam: lawyers, landlords, public sectro employees.

 

[dextrous]

Here's a little story that will warm the cockles of your hearts and is of some relevance.

We currently rent out rooms in my deceased parents' house in London. One of the occupants is a single Polish mother who has never worked in the UK

If you cared about the situation you would not be making money out of these parasites. If you think what she is doing is wrong why do you give her accomodation and make money out of it?

We inherited her as a tenant when my parents died - I assume you're unlikely to attack the dead.

Anyway, if not us, then someone else would "snap her up" and a damned less scrupulously too (she pays well under the market rate for an all-inclusive flat). I'd get rid of her tomorrow if she didn't have children - I couldn't do it to them, to be honest.

 

[joe-90]

Whether the debit is £900 billion or £1800 billion that the £6 billion that they are talking about makes little difference, it's just loose change. We need cuts of around £300 billion for a number of years to sort this out. It simply can't be done. Where's Thermo when you want him? He reckons it's all piffle.