Global national debt.

[Deleted member 265726]

Tourism seems to be a thing, but not totally. All seem to have fairly low population.

Which Countries Are Not In Debt? A Look At The World's Economies With No National Debt - National Credit Foundation

Discover the surprising truth: Which countries have ZERO national debt? Financially savvy or just plain lucky? Uncover the secrets of the world's most debt-free economies now!

nationalcreditfoundation.org

That is an interesting article.

'One common factor is a focus on developing their economies through investing in key industries such as tourism, manufacturing, and oil production.'

We've all but had our manufacturing sector cut off at the neck, our oil and gas production is the same and our tourism sector is struggling.

Oh and our government spend more than they recieve. We need a Milei type character to set us straight.

 

[MNW67]

That is an interesting article.

'One common factor is a focus on developing their economies through investing in key industries such as tourism, manufacturing, and oil production.'

We've all but had our manufacturing sector cut off at the neck, our oil and gas production is the same and our tourism sector is struggling.

Oh and our government spend more than they recieve. We need a Milei type character to set us straight.

These are all very small countries with very specific situations. One is lucky to be swimming in oil. Another had its debts paid off by Australia. I can't really see that there are any particularly useful lessons for larger more normal countries to learn.

 

[Deleted member 265726]

These are all very small countries with very specific situations. One is lucky to be swimming in oil. Another had its debts paid off by Australia. I can't really see that there are any particularly useful lessons for larger more normal countries to learn.

Venezuela is swimming in oil though but had huge national debt.

 

[MNW67]

Venezuela is swimming in oil though but had huge national debt.

I know. I don't think we should try to learn from Venezuela But for some reason, size and scalability seems to be a factor. I don't think it's any coincidence that all five countries are very small.

 

[blup]

Theres a lot of money to be made from debt as thames water shows. Borrowing is a fundamental to peoples living standards. Its only a problem when people cant meet the repayments. All that stuff from Maggie T about people living within their means is total ****** now.

 

[Deleted member 265726]

Theres a lot of money to be made from debt as thames water shows. Borrowing is a fundamental to peoples living standards. Its only a problem when people cant meet the repayments. All that stuff from Maggie T about people living within their means is total ****** now.

I would prefer to have the water companies renationalised.

 

[Notch7]

We've all but had our manufacturing sector cut off at the neck

Not really true, UK is still the 9th top manufacturing economy globally

our oil and gas production is the same

The world has moved on

tourism sector is struggling.

Tourism contributes 7% to our gdp, it’s not a major factor
U.K. is still the worlds 10th top tourist destination.

Of course people who voted for Brexit didn’t help, the U.K. hospitality sector can’t get enough staff since all those EU workers buggered off.

I wonder if Sunshine voted for Brexit

 

[Ihavenojob]

One is lucky to be swimming in oil.

The UK has oil and gas.

 

[carmanmemoranda]

The UK has oil and gas.

And what did we do with the money ?

 

[MNW67]

The UK has oil and gas.

It's only 1.5% of our economy. For Brunei it's 60%. So not really comparable.

 

[Ihavenojob]

It's only 1.5% of our economy. For Brunei it's 60%. So not really comparable.

It could be so much more. If only.

 

[Deleted member 265726]

I know. I don't think we should try to learn from Venezuela But for some reason, size and scalability seems to be a factor. I don't think it's any coincidence that all five countries are very small.

I think in the case of Venezuela it was poor governance and political greed but yes agreed, don't want to follow suit.

 

[Deleted member 265726]

It could be so much more. If only.

I don't know why there is so much resistance to being as self supporting as possible.

 

[carmanmemoranda]

I don't know why there is so much resistance to being as self supporting as possible.

We cant afford it, we have to go round with a begging bowl to attract investment, which is exactly the opposite of where we should be

 

[fillyboy]

We cant afford it, we have to go round with a begging bowl to attract investment, which is exactly the opposite of where we should be

As far as oil and gas are concerned the reason for a halt to investment is the increase of windfall tax from 75% to 78% , extension of same to 2030 and removal of tax incentives for exploration/investment.