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blankster

New Bailout = £300billion - Sky News

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HOLY SHIRT.

Mr Darling told Sky News:"In each case money is being provided for assets from the banks.

"These are assets we can sell as the economy recovers.

"If we do not do anything, the cost will be far, far greater.

Theyve gone insane. Actually insane.

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The pundits were predicting £200 billion - it looks like it's half as much again, assuming the report is correct.

This looks like panic, like we're in an economic Chernobyl now.......Chernobillions, even!

Edited by blankster

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does this make the Uk bailout bigger than the US bailout?

£300 BILLION?!

Has all the money from the last bailout gone already?!

This is insane, the entire annual tax take for the UK is about £360 Billion!

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I'm not sure where they get the figure of £300billion from - it looks like its the sum of all the money from various different measures, not just giving money away.

When the big bailout happened in USA and then one here too, people were saying they were kill-or-cure measures. Now we're into a second round and people are just getting used to them.

We are now softened up to this sort of thing - the economy is moving from acute crisis to chronic persistent vegetative state.

Edited by blankster

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I'm not sure where they get the figure of £300billion from - it looks like its the sum of all the money from various different measures, not just giving money away.

When the big bailout happened in USA and then one here too, people were saying they were kill-or-cure measures. Now we're into a second round and people are just getting used to them.

We are now softened up to this sort of thing - the economy is moving from acute crisis to chronic persistent vegetative state.

£300 billion is probably the total potential cost of all this, if every debtor defaults. I think its still an important number though, the government can't keep piling this level of risk onto the tax payer. If there is a full collapse in confidence in the UK due to these foolhardy measures the end will come very quickly.

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£300 billion !

This is mental.

Why £300 billion? It's a round figure! If they knew what the f*ck they needed to do, they would know how much they would need -it would be a figure like £245.67 billion.

They haven't a ******ing clue have they?

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It reminds me of the old Generation Game on TV. Like when a competitor has given up any hope of making a half-decent pot or flower arrangement so decides to make a really bad one instead. Except the govenrnment is doing it with the economy.

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  • 285 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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