Bankrupt?
Hangarshuffle, your point, whatever it may be, might have more chance of reaching the desired audience if you used the correct words.
The UK is not in fact Bankrupt, but that would certainly be a good option for the state of our finances.
Imagine, if you can, what being bankrupt would mean.
Let's start with the aircraft carriers. We can't afford them, so cancel the deal. No penalty payments to anyone as the contract was with HMG who have gone under.
No massive shortfall in pensions, that was an arrangement that all you retired civil servants, NHS staff & members of the armed forces, had with the old HMG.
No pension pot to fill, no shortage of money.
New contracts all round. The PFI mess can be sorted out overnight by bankruptcy. Just don't pay.
Let the companies take HMG (2014 Ltd) to court. They can say it's nothing to do with them.
After all, the government choose the Judges, so we are sure to see a decision go in favour of whoever is in power.
In civvy street you see this all the time. Companies go bust leaving a string of debt to HMRC & others. same people start a new company, doing the same stuff, from the same offices next week, without the burden of old debts.
As it works so well for private industry, why not for government?