PPRuNe Forums - View Single Post - UK politics - Hamsterwheel
View Single Post
Old 6th Jun 2017, 14:39
  #9792 (permalink)  
VP959
 
Join Date: Oct 2002
Location: West Wiltshire, UK
Age: 67
Posts: 372
Originally Posted by Planemike View Post
Funny how the money is found instantly when it is to handed over to greedy bankers. I don't buy into this "Sadly, the government has no money".
The money that was handed to the bankers was borrowed. Taxpayers were not asked to cough up immediately, but are having to now to service the debt. The national debt is currently increasing by around 1.4bn per week. Our interest on borrowings (a lot of which arose from Gordon Brown's ineptitude) is currently running at around 2000 per person per annum, so that is the amount of tax that needs to be collected simply to service the debt, before any taxes that are collected to do anything else.
VP959 is online now