Neville Bartos wrote:
It also attracts people that talk on and on about one subject without including all the factors in that subjects to suit their argument.
You keep banging on about the debt mate but you are ignoring an obvious fact here.....Under the conservatives the borrowing has gone down year on year. Under labours constings the borrowing would go up. So how would that be a good thing ?
That is also not including the amount they would have to borrow to renationalise that they did not include in their costings meaning even more borrowing.
Moan all you want about austerity but we would not need it if the labour government under Blair and Brown had not got us into a position where we cannot even afford the interest....its like taking outr a payday loan.
Now you will tell me you dont like labour either again so exactly how would you plan to lower the debt ?
Like UKIP you mean?
Mate, debt is still rising. It's even had a little bump this year.
As for renationalising, well you'd need a basic understanding of who the government borrows from (I'm pretty sure my figures are sound, but I'll be bollocksed if I'm checking, so don't hold me to any of this).
75% of national debt is owed to British people, institutions and companies (including pension funds). Over 20% of that is owed to the Bank of England APFF. The rest is overseas borrowing, which, as you might imagine, is offset by debt owed to the UK -- the US, for example, is into us for well over $500billion.
Basically what happens is that the government borrows money on a promise to repay it over a certain period with interest (apologies if that's blindingly obvious))-- Britain repays gilt, on average, over 13+ years, which is double and triple the time period of places like the US, France and Germany.
With such an extended period to repay, any borrowing to renationalise profitable industries would pretty much repay itself -- assuming said industries remained profitable.
Personally I'd like to see investment. Investment in people, industry, infrastructure, public services. And maybe draw some kind of line under selling off British companies. Did you know that over half of all shares in British companies are foreign owned?
Wouldn't happen in Germany.
Research suggests the difference between the British and German economy is investment.
The Germans back themselves and their companies with investment, the British don't, we sell off our success'.
I've bored myself there...
UK debt is going down....like I said in a previous post,debt is not a bad thing,everybody owes
everyone else,it's a necessity to keep money moving.
The US in turn owe us Billions,not as much as we owe them granted,(interested to know now
I'll have a google
)but it's a lot I know.
The reason the Tories like to keep Taxes low for companies (everyone for that matter)is they
want profits to be re-invested,and by taxing them heavily reduces the amount they can invest.
Foreign investment in us is crucial,we need outside money,more we get in, the better off we are.
We are one of the, if not the wealthiest country in Europe for a reason..
Apart from Germany obviously,who have a massive advantage over us in the fact that since
the 40s their defence budget has been a hell of a lot less than ours,and I mean 10s of billions
a year,that is one massive leg up.
The problem is because of our 15 year or so cycle in our politics one route then another,
we have glitches in our investments,down the route of low taxation and investments,allowing
foreign money to come in...to high taxation hence low investments,and keeping everything
Blair realised the right way to go,but the stupid fuck went to the extremes in his vote
winning shit agenda,and very nearly screwed us.
Now we got another lot who want to get votes at absolutely any cost,no matter what the