Austerity and Debt

So now this government are breaking records on the amount of money they are borrowing. (See link below)

When they came in to power and since then that's all they've gone on about is how much Labour borrowed and how we've all got to feel the pain now as we pay off the credit card.

So we are now going through all these cuts etc, etc, etc and they are not paying anything off. Instead they are maxing out credit cards at a rate of knotts way higher than any government in the past.

I cannot beleive that anyone is that nieve and thick as shit to support these idiots running our country in to the ground. But I live in hope because I know I'll find some on this mb. You need to book your self in for some R and R at the wear the jumper backwards club. That's of course if it's not been closed down.

http://www.bbc.co.uk/news/business-19672660

Plan A is clearly not working.

Will they adopt a plan B? No f...ing chance! They came in to power and said that they were the only party to fix a 'worldwide' debt problem!

They do not know what they are doing and I seriously think, they couldn't give a f... anyway.

Very sad and worrying times for the hardworking man / women in this world.

This policy of cutting public expenditure to balance the books is doomed to failure, ask anyone in Greece, Spain or Portugal as all that happens is you automatically see big cuts in revenue from income tax, national insurance and corporation tax.

The coalition are running out of people to blame but that won't stop the arrogent bastards trying to pin it on anyone but themselves.

For me what needs to happen is someone needs to growa pair of balls and increase income tax, increase public expenditure and try and get some confidence in the country so that people will start spending money thereby creating demand.

I won't hold my breath.

What about our club?

The Malaysians took over saddled with massive debts and long term liabilities.

Things are improving slowly (on and off the pitch) but the debt is increasing.

It takes time to sort out problems and put an effective recovery process in place, especially when you take over the mess left behind.

The only way to get the economy going is to spend money.

This policy of cutting public expenditure to balance the books is doomed to failure, ask anyone in Greece, Spain or Portugal as all that happens is you automatically see big cuts in revenue from income tax, national insurance and corporation tax.

The coalition are running out of people to blame but that won't stop the arrogent bastards trying to pin it on anyone but themselves.

For me what needs to happen is someone needs to growa pair of balls and increase income tax, increase public expenditure and try and get some confidence in the country so that people will start spending money thereby creating demand.

I won't hold my breath.

20 years ago the Government encouraged workers to leave their secure jobs and go self employed. The enticement was tax breaks. 20 years later those tax breaks have been taken away from the entrepreneur. Adding to that when the go alone guy looks back at returning to his previous secure position he finds that those perks are not there anymore.

The last few governements have destroyed the working conditions of the UK company man and have taken away the advantages of those that went alone. Increase direct tax and you push closer to that revolution.

The only way to get the economy going is to spend money.

and to be able to spend the banks must LEND....this is the first step to recovery

This policy of cutting public expenditure to balance the books is doomed to failure, ask anyone in Greece, Spain or Portugal as all that happens is you automatically see big cuts in revenue from income tax, national insurance and corporation tax.

The coalition are running out of people to blame but that won't stop the arrogent bastards trying to pin it on anyone but themselves.

For me what needs to happen is someone needs to growa pair of balls and increase income tax, increase public expenditure and try and get some confidence in the country so that people will start spending money thereby creating demand.

I won't hold my breath.

20 years ago the Government encouraged workers to leave their secure jobs and go self employed. The enticement was tax breaks. 20 years later those tax breaks have been taken away from the entrepreneur. Adding to that when the go alone guy looks back at returning to his previous secure position he finds that those perks are not there anymore.

The last few governements have destroyed the working conditions of the UK company man and have taken away the advantages of those that went alone. Increase direct tax and you push closer to that revolution.

If the revolution gets rid of this chinless wonder Cameron that will do for me.

The only way to get the economy going is to spend money.

But where's the money coming from to spend?

If you want to spend, use your credit card.

But there is a massive problem with this, because at some time in the future you have to pay off the credit card.

So unless you are a selfish b*****d who will leave it to your children to pay your debts something has to be done, and done now.

The only way to get the economy going is to spend money.

But where's the money coming from to spend?

If you want to spend, use your credit card.

But there is a massive problem with this, because at some time in the future you have to pay off the credit card.

So unless you are a selfish b*****d who will leave it to your children to pay your debts something has to be done, and done now.

Well the Tories are borrowing f**k loads already, so why aren't they spending it to help industries? That's pretty much all they have to do.

This policy of cutting public expenditure to balance the books is doomed to failure, ask anyone in Greece, Spain or Portugal as all that happens is you automatically see big cuts in revenue from income tax, national insurance and corporation tax.

The coalition are running out of people to blame but that won't stop the arrogent bastards trying to pin it on anyone but themselves.

For me what needs to happen is someone needs to growa pair of balls and increase income tax, increase public expenditure and try and get some confidence in the country so that people will start spending money thereby creating demand.

I won't hold my breath.

20 years ago the Government encouraged workers to leave their secure jobs and go self employed. The enticement was tax breaks. 20 years later those tax breaks have been taken away from the entrepreneur. Adding to that when the go alone guy looks back at returning to his previous secure position he finds that those perks are not there anymore.

The last few governements have destroyed the working conditions of the UK company man and have taken away the advantages of those that went alone. Increase direct tax and you push closer to that revolution.

If the revolution gets rid of this chinless wonder Cameron that will do for me.

Its not just Cameron but all of them regardless what party they belong to. Today the political parties seem to be more of a cartel than opposition. Which one paints up the same policy wins.

To me the UK is a hostile bubble about to explode. If that happens it will either break us or make us.

I'm only 45 but when I was a kid I can remember having a hell of a lot more than we do now in terms of public services.

Back then, say 30 years ago, we had our bins collected twice a week by men who would come around your back and get your bin if you forgot to put it out.
There were teams of road sweepers coming around in the mornings.
Every village had a police station with a copper you could knock on 24/7. Plus you used to get them walking the streets at night. Now they just respond to calls and shoot from one place to the next.
We had a lot more schools open and they used to give the kids milk.
A council bus service.
More firemen, more everything really.
Have I left anything out?

Since then, that's all they've done is cut back and cut back some more. All of the above is either gone or cut back. They've cut everything EXCEPT the amount of tax we pay out. We still pay out but we get less and less in return. All along they've cut back telling us it was all our fault as well.

The only way to get the economy going is to spend money.

But where's the money coming from to spend?

If you want to spend, use your credit card.

But there is a massive problem with this, because at some time in the future you have to pay off the credit card.

So unless you are a selfish b*****d who will leave it to your children to pay your debts something has to be done, and done now.

So why are they still borrowing far more than anyone ever before. Two years ago they were telling us these cuts are needed to pay things off. But instead the debts are getting bigger and bigger. Why? It's simple. Because the incomes have been made smaller.

It's like.. um I'm struggling to pay my mortgage. I know, I'll cut my income and take out even bigger loans. WTF. Spot the holes in that plan!

The only way to get the economy going is to spend money.

But where's the money coming from to spend?

If you want to spend, use your credit card.

But there is a massive problem with this, because at some time in the future you have to pay off the credit card.

So unless you are a selfish b*****d who will leave it to your children to pay your debts something has to be done, and done now.

Well the Tories are borrowing f**k loads already, so why aren't they spending it to help industries? That's pretty much all they have to do.

If it is that easy, as you seem to think, then perhaps you should try opening a business in this country.

But remember to spend 12 months reading employment laws, union requirements, EU regulations, minimum wage requirements, discrimination acts, disability requirements in the work place, do I need to go on?

We are completely f****d by all the above, whereas those outside the EU are not bound by the bureaucracy, and therefore take the jobs as employment costs are so much lower. Many countries inside the EU ignore many of the regulations also. Infact we are theonly EU member to abide by all the regulations in a recent document produced by the EU.

The only way to get the economy going is to spend money.

But where's the money coming from to spend?

If you want to spend, use your credit card.

But there is a massive problem with this, because at some time in the future you have to pay off the credit card.

So unless you are a selfish b*****d who will leave it to your children to pay your debts something has to be done, and done now.

Well the Tories are borrowing f**k loads already, so why aren't they spending it to help industries? That's pretty much all they have to do.

If it is that easy, as you seem to think, then perhaps you should try opening a business in this country.

But remember to spend 12 months reading employment laws, union requirements, EU regulations, minimum wage requirements, discrimination acts, disability requirements in the work place, do I need to go on?

We are completely f****d by all the above, whereas those outside the EU are not bound by the bureaucracy, and therefore take the jobs as employment costs are so much lower. Many countries inside the EU ignore many of the regulations also. Infact we are theonly EU member to abide by all the regulations in a recent document produced by the EU.

Outside the EU? What like in China perhaps? I watched a documentary on "worknig in China" and contrary to what they'll have you beleive, the average worker in China is way better off than the average Brit. Over there they've created over 100 million jobs and the people worknig the factories live in better houses than you do mate. This one guy lived in this open plan apartment with all the mod cons you could shake a stick at. He was saying that when he gets bored working in one place he just walks out and works some place else. He was just a production worker and yes his wages were low compared to UK standards but what he could get for his money was way better. He's not paying £1.45 for a litre of petrol for instance.

The only way to get the economy going is to spend money.

But where's the money coming from to spend?

If you want to spend, use your credit card.

But there is a massive problem with this, because at some time in the future you have to pay off the credit card.

So unless you are a selfish b*****d who will leave it to your children to pay your debts something has to be done, and done now.

Well the Tories are borrowing f**k loads already, so why aren't they spending it to help industries? That's pretty much all they have to do.

If it is that easy, as you seem to think, then perhaps you should try opening a business in this country.

But remember to spend 12 months reading employment laws, union requirements, EU regulations, minimum wage requirements, discrimination acts, disability requirements in the work place, do I need to go on?

We are completely f****d by all the above, whereas those outside the EU are not bound by the bureaucracy, and therefore take the jobs as employment costs are so much lower. Many countries inside the EU ignore many of the regulations also. Infact we are theonly EU member to abide by all the regulations in a recent document produced by the EU.

Outside the EU? What like in China perhaps? I watched a documentary on "worknig in China" and contrary to what they'll have you beleive, the average worker in China is way better off than the average Brit. Over there they've created over 100 million jobs and the people worknig the factories live in better houses than you do mate. This one guy lived in this open plan apartment with all the mod cons you could shake a stick at. He was saying that when he gets bored working in one place he just walks out and works some place else. He was just a production worker and yes his wages were low compared to UK standards but what he could get for his money was way better. He's not paying £1.45 for a litre of petrol for instance.

Did you manage to get a couple of glimpses of the secret police officers following the reporter around?
To make sure he only went where he was allowed and everybody said what they had been told to.

The only way to get the economy going is to spend money.

But where's the money coming from to spend?

If you want to spend, use your credit card.

But there is a massive problem with this, because at some time in the future you have to pay off the credit card.

So unless you are a selfish b*****d who will leave it to your children to pay your debts something has to be done, and done now.

Well the Tories are borrowing f**k loads already, so why aren't they spending it to help industries
? That's pretty much all they have to do.

If it is that easy, as you seem to think, then perhaps you should try opening a business in this country.

But remember to spend 12 months reading employment laws, union requirements, EU regulations, minimum wage requirements, discrimination acts, disability requirements in the work place, do I need to go on?

We are completely f****d by all the above, whereas those outside the EU are not bound by the bureaucracy, and therefore take the jobs as employment costs are so much lower. Many countries inside the EU ignore many of the regulations also. Infact we are theonly EU member to abide by all the regulations in a recent document produced by the EU.

I'm not on about opening a business, I'm on about this government helping out industries.

The only way to get the economy going is to spend money.

But where's the money coming from to spend?

If you want to spend, use your credit card.

But there is a massive problem with this, because at some time in the future you have to pay off the credit card.

So unless you are a selfish b*****d who will leave it to your children to pay your debts something has to be done, and done now.

Well the Tories are borrowing f**k loads already, so why aren't they spending it to help industries? That's pretty much all they have to do.

If it is that easy, as you seem to think, then perhaps you should try opening a business in this country.

But remember to spend 12 months reading employment laws, union requirements, EU regulations, minimum wage requirements, discrimination acts, disability requirements in the work place, do I need to go on?

We are completely f****d by all the above, whereas those outside the EU are not bound by the bureaucracy, and therefore take the jobs as employment costs are so much lower. Many countries inside the EU ignore many of the regulations also. Infact we are theonly EU member to abide by all the regulations in a recent document produced by the EU.

Outside the EU? What like in China perhaps? I watched a documentary on "worknig in China" and contrary to what they'll have you beleive, the average worker in China is way better off than the average Brit. Over there they've created over 100 million jobs and the people worknig the factories live in better houses than you do mate. This one guy lived in this open plan apartment with all the mod cons you could shake a stick at. He was saying that when he gets bored working in one place he just walks out and works some place else. He was just a production worker and yes his wages were low compared to UK standards but what he could get for his money was way better. He's not paying £1.45 for a litre of petrol for instance.

Will China maintain that? Remember Britian in the 60s was perhaps the cheapest place in Europe to live.

For the sake of ChinaI hope they learn the lesson that went wrong in Britian. Britian is a capitsalist communist country now, I wonder if China will join it.

The only way to get the economy going is to spend money.

But where's the money coming from to spend?

If you want to spend, use your credit card.

But there is a massive problem with this, because at some time in the future you have to pay off the credit card.

So unless you are a selfish b*****d who will leave it to your children to pay your debts something has to be done, and done now.

We could start reducing the debts but not giving the highest paid in this country a nice tax cut. Why is it that only the conservatives spout about talent drains and entrepreneurs leaving the country in droves Because they enjoy giving tax cuts to themselves exactly like Cameron and Osbourne with their tax cut for millionaires by millionaires. How much would that help to cut the deficit.

Another thing is adopt this financial transaction tax like Germany wants, but hang on Cameron says that would see the financial sector and banks leave the country in droves. More bollocks.

It's really been no different since this country was stupid enough to elect Thatcher and the first thing she done was give tax cuts to the rich and almost double the rate of VAT. By it's very nature VAT is a regressive tax which will always result in the poorest paying a higher % of their dispoable income than the richest people.

Fair taxes and explore options to see if there are opportunities to raise tax in new areas, like a 1p tax on every text message sent that would bring in £b's each year.

But no tory political dogma will always be blame your predecessor, the unions, the french , the germans cut public expenditure to the bone. I could go on but hell what I've just described is Thatcherism - Good Innit.

The only way to get the economy going is to spend money.

But where's the money coming from to spend?

If you want to spend, use your credit card.

But there is a massive problem with this, because at some time in the future you have to pay off the credit card.

So unless you are a selfish b*****d who will leave it to your children to pay your debts something has to be done, and done now.

Well the Tories are borrowing f**k loads already, so why aren't they spending it to help industries
? That's pretty much all they have to do.

If it is that easy, as you seem to think, then perhaps you should try opening a business in this country.

But remember to spend 12 months reading employment laws, union requirements, EU regulations, minimum wage requirements, discrimination acts, disability requirements in the work place, do I need to go on?

We are completely f****d by all the above, whereas those outside the EU are not bound by the bureaucracy, and therefore take the jobs as employment costs are so much lower. Many countries inside the EU ignore many of the regulations also. Infact we are theonly EU member to abide by all the regulations in a recent document produced by the EU.

I'm not on about opening a business, I'm on about this government helping out industries.

How are they going to help industries?
That is why I said have you tried opening a business. Governments can only help new businesses by reducing bureaucracy in many ways. The ongoing regulations and costs are what is crippling our businesses as they are non-competitive with foreign competitors who do not have the same regulations forced on them.

The only way to get the economy going is to spend money.

But where's the money coming from to spend?

If you want to spend, use your credit card.

But there is a massive problem with this, because at some time in the future you have to pay off the credit card.

So unless you are a selfish b*****d who will leave it to your children to pay your debts something has to be done, and done now.

Well the Tories are borrowing f**k loads already, so why aren't they spending it to help industries? That's pretty much all they have to do.

If it is that easy, as you seem to think, then perhaps you should try opening a business in this country.

But remember to spend 12 months reading employment laws, union requirements, EU regulations, minimum wage requirements, discrimination acts, disability requirements in the work place, do I need to go on?

We are completely f****d by all the above, whereas those outside the EU are not bound by the bureaucracy, and therefore take the jobs as employment costs are so much lower. Many countries inside the EU ignore many of the regulations also. Infact we are theonly EU member to abide by all the regulations in a recent document produced by the EU.

Outside the EU? What like in China perhaps? I watched a documentary on "worknig in China" and contrary to what they'll have you beleive, the average worker in China is way better off than the average Brit. Over there they've created over 100 million jobs and the people worknig the factories live in better houses than you do mate. This one guy lived in this open plan apartment with all the mod cons you could shake a stick at. He was saying that when he gets bored working in one place he just walks out and works some place else. He was just a production worker and yes his wages were low compared to UK standards but what he could get for his money was way better. He's not paying £1.45 for a litre of petrol for instance.

Will China maintain that? Remember Britian in the 60s was perhaps the cheapest place in Europe to live.

For the sake of ChinaI hope they learn the lesson that went wrong in Britian. Britian is a capitsalist communist country now, I wonder if China will join it.

I think that's the only thing people in the West are hanging on to - "Will China maintain it?". We want to hope for all our sakes that they don't because they are like a giant Hoover, sucking up all the money in the world.

I think they will because they don't have the extreme left who'll damage their industry and they don't have the greedy right wing milking all the cash. I think they've managed to find a happy medium there and it's working for them big time.

Another thing is adopt this financial transaction tax like Germany wants, but hang on Cameron says that would see the financial sector and banks leave the country in droves. More bollocks.

Why is that bollocks?

We have probably the biggest financial centre in the world (City of London). Because it is less taxed than others.
The Germans would love to see it taxed higher as most of the business would move to Frankfurt and the Germans would gain.

USA imposed fines on British institutions, but left their own alone, strange that one eh?

It was Gordon (the pension robber) Brown who f****d around with the financial institutes/markets/banks and the Bank of England regulations/FSA which he imposed did not do their job properly resulting in much of the problems we faced.

Northern Rock is a prime example as it was worth millions and sold to a big labour supporter on the cheap.

Another thing is adopt this financial transaction tax like Germany wants, but hang on Cameron says that would see the financial sector and banks leave the country in droves. More bollocks.

Why is that bollocks?

We have probably the biggest financial centre in the world (City of London). Because it is less taxed than others.
The Germans would love to see it taxed higher as most of the business would move to Frankfurt and the Germans would gain.

USA imposed fines on British institutions, but left their own alone, strange that one eh?

It was Gordon (the pension robber) Brown who f****d around with the financial institutes/markets/banks and the Bank of England regulations/FSA which he imposed did not do their job properly resulting in much of the problems we faced.

Northern Rock is a prime example as it was worth millions and sold to a big labour supporter on the cheap.

So we introduce a financial transaction tax and the banks will up sticks and move to Frankfurt where they will have to pay the same transaction tax.

The only way to get the economy going is to spend money.

But where's the money coming from to spend?

If you want to spend, use your credit card.

But there is a massive problem with this, because at some time in the future you have to pay off the credit card.

So unless you are a selfish b*****d who will leave it to your children to pay your debts something has to be done, and done now.

Well the Tories are borrowing f**k loads already, so why aren't they spending it to help industries
? That's pretty much all they have to do.

If it is that easy, as you seem to think, then perhaps you should try opening a business in this country.

But remember to spend 12 months reading employment laws, union requirements, EU regulations, minimum wage requirements, discrimination acts, disability requirements in the work place, do I need to go on?

We are completely f****d by all the above, whereas those outside the EU are not bound by the bureaucracy, and therefore take the jobs as employment costs are so much lower. Many countries inside the EU ignore many of the regulations also. Infact we are theonly EU member to abide by all the regulations in a recent document produced by the EU.

I'm not on about opening a business, I'm on about this government helping out industries.

How are they going to help industries?
That is why I said have you tried opening a business. Governments can only help new businesses by reducing bureaucracy in many ways. The ongoing regulations and costs are what is crippling our businesses as they are non-competitive with foreign competitors who do not have the same regulations forced on them.

What about government grants or government lending?

And no I haven't tried opening a business as I don't know how to run a business.