
Chris Young - Press Association Images
The UK is in more debt than ever, that's no secret. The latest figures from the Office for National Statistics put the UK's debt at just under £797 billion. In the last financial year alone, the government spent £101 billion more than it received in taxes and other income.
But with 12-digit numbers being bandied about by politicians, it's easy to lose sight of just how much money this is. So here at MSN we've decided to try and put it all in context for you.





































Stay in the real world!...good idea, then we can stop paying money out to good 4 nothing benefit spongers who continue to be be a drain on this nations fund and our pockets. let them earn their money like the rest of us. Losers the lot of em.
Excellent post by Hucknalite #1
I could add that, according to the 'Daily telegraph' recently
about £5,000,000,000 is remitted to their various homelands by the 5,000,000 strong immigrant community annually.
This is devastating to our 'balance of payments' position,
Also globalisation, through the penetration of British markets by India and Pakistan.
We are being played for suckers.+
Instead of Pakistan, read China.
Though Pakistan is a major player in the importation of
drugs, particularly heroin to this country.
Our soldiers are dying in Afghanistan because the local
warlords are resisting our interference in heroin production.
If we are losing our boys over there, we should make any
high value drug smuggling to Britain, a Capital Offence.
So, Labour manage to do it again, how many times is this that Labour has taken this country to Bankruptcy, If my memory and poor history serves this will be third time lucky!!!
Now again correct me if I am wrong, but didn't the Labour government on arriving in office sell off our national GOLD RESERVES?
Can anybody tell me what the National debt was when Mr. Blair came to office, I seem to recall that the economy was in a fair state and stable, people employed, wages keeping pace with inflation etc.
Now Mr. Blaire and Mr. Brown claim to have poured millions into our national health and education, we have waiting lists down, but life threatening illnesses caught whilst in hospital UP!
We have record number of GCSE passes up but School leavers and University entrant academic ability DOWN!!!
We have climate change and environmental expenditure UP
But actual business output and overseas sales DOWN!!!!
We are pulling down terraced houses that cost a fraction to refurbish to replace them with Flats and executive housing that the original tenants of the terraces can't afford which puts more money into fat cat property developers pockets and takes more from the Tax payer.
Come on folks, lets do some simple maths here because dear old Darling seems to have lost his calculator. Yes, we know we have to have a national debt (previous writer) but we have to have a manageable debt. You don't go out and set yourself up with debt that you cannot afford to repay unless you are mindless, incompetent, have really bad advisors, a very stupid bank manager, don't care about who might get hurt, have no thought for the consequences, an idiot, slightly deranged or just daft!!!! so if we wouldn't as normal everyday people on the street, why do we continue to let those that are supposed to be looking out for our better interest do it!!!!!
We need to start selling overseas.
We need to kick start manufacturing.
We need new exportable valuable goods manufactured in the UK and sold outside of the UK.
We have got to stop recycling money through the commercial markets allowing the economists (who think that a pound equals 4 pounds at least without doing anything to it apart from robbing peter to pay paul) taking their big fat bonuses out of moving our pensions around, until they become worth nothing to us!!!!!
Take J B SPORTS for instance, they go in to administration, and now are selling shares to raise more money than the total worth of the company that could not hold its own, the money will be used to brighten up the shops and buy stock!!!! Who will buy these shares, our pension and insurance fund holders. What happens if the company doesn't make it, Our pensions and insurance funds will be worth less!!!! However in the process of ripping off the insurance and pension funds many fat cat economists will have bought another ****, Mercedes, maybe a Rolls etc with their bonuses that they made whilst doing the deals.
This is the sort of mentality that we have in the finances of government!!!!
The national debt should be brought under control, apply simple rules that every householder has to apply.
Mr. Darling please pay careful attention you may learn something here, we householders deal with real money that runs out if we spend too much, our employers don't just give us more if we demand it as yours do!!!!
1) Reduce expenditure
2) Only spend if it is absolutely essential
3) Do not take out a Mortgage that you cannot afford
4) Make sure you understand the terms of the mortgage and how much you will be paying and for how long
5) Do not take out loans to pay back loans
6) Reduce unnecessary expenses to clubs societies and committees
7) Do not sign up to anything that will have unknown long term cost implications
8) Do not spend money and time trying to change that which we are not big enough to even understand
9) Cut inefficiency immediately
10) Treat the money of others as though it were your own and your life depended on it and DO NOT hide behind "well its within the rules" Jargon
Its time for the people and the country
Its time for the people and the country to find itself, stand tall and stop all this faffing around, frittering away the countries assetts.
This concludes my previous posting
as the proceeds of the massive frauds they have
perpetrated on the long suffering workers and taxpayers.Give us a break in these guilt trip massive
debt stories and point the finger at where the guilt
truly lies.