| Topic: | Re:Re:Re:Re:Re:It's more than just one quarter | |
| Posted by: | Edward Przepiora | |
| Date/Time: | 26/04/12 00:47:00 |
| Jonathan, I find the below figures shocking, how can one move economy into positive territory? Mission Impossible in one generation. If you do not believe me check it on gov pages it is not difficult to find Total UK gov Spending £722.2 billion: Pensions £137.5 billion Health Care £125.5 billion Education £89.5 billion Defence £43.5 billion Welfare £110.2 billion Royal family bill is around 40M + misc fees 200M a year + plus the cost handling of Royal Crown (worth approx 8bn -some say) - all this costs (castles, churches, insurance, police, security, indirect costs, ships, building ...) But the most interesting is the UK debt, (oh! not the Queen's) UK public sector net debt in February 2012 was £988.7 billion, equivalent to 63.0% per cent of GDP Just to visualize how much £988.7 bn costs to finance ? Assume it costs 5% - it is a lot ! If all financial sector intervention is included (e.g. Royal Bank of Scotland, Lloyds), the Net debt was £2311.6 billion (147.3 per cent of GDP) Not only you have regular spending + enormous gov debt to pay off/finance |