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Another £16 Billion On The Credit Card


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Full, if short article now available.

http://newsvote.bbc.co.uk/1/hi/business/8262434.stm

I particularly like the picture but I doubt whether emptying those baskets of 99p trainers would staunch the flow of £11K per second.

p-o-p

trainers.jpg

EDIT: In case the piccy disappears and is replaced by a sincere looking chancellor

post-10374-1253264591_thumb.jpg

Edited by piece of paper
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Not wishing to bring out the unhappy side of you but I think that Injin is right that it is too late to do so now. We are not looking over the edge of the cliff, we have gone over it.

p-o-p

why? why cant they cut?

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why? why cant they cut?

You can, but you have to have a strong stomach.

You have to be prepared to rip the NHS down to a core, slash benefits and you have to be prepared to see peoples living standards plunge. All this stuff about management structures and so on must be done and it's a help, but we're fooling ourselves by thinking this can be done without fundamentally reducing the participation of the state in these worthy aspirations.

If we don't have the guts for that then we fail, simple as that.

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You can, but you have to have a strong stomach.

You have to be prepared to rip the NHS down to a core, slash benefits and you have to be prepared to see peoples living standards plunge. All this stuff about management structures and so on must be done and it's a help, but we're fooling ourselves by thinking this can be done without fundamentally reducing the participation of the state in these worthy aspirations.

If we don't have the guts for that then we fail, simple as that.

And the sad thing is, it didn't have to be as bad as this. If only Labour hadn't spent like no tomorrow when times were good.

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You can, but you have to have a strong stomach.

You have to be prepared to rip the NHS down to a core, slash benefits and you have to be prepared to see peoples living standards plunge. All this stuff about management structures and so on must be done and it's a help, but we're fooling ourselves by thinking this can be done without fundamentally reducing the participation of the state in these worthy aspirations.

If we don't have the guts for that then we fail, simple as that.

You clearly have a grip on this. Do you think that this lopping should start next June or this coming Monday?

p-o-p

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And the sad thing is, it didn't have to be as bad as this. If only Labour hadn't spent like no tomorrow when times were good.

The parallells with crap management of a company are perfect.

We've had rubbish Directors who haven't focussed on increasing wealth generation, managing costs and reducing gearing. They've basically done the opposite for years.

Now the bank charges are becoming absurd; the business is in the red and the workforce are still expecting all the trimmings and a wage rise next year. Plus, the huge structural inefficiencies with half the factory workers lying around all day doing nothing are there but all the Directors want to do is write a budget for next year that includes a great big line called "efficiency improvements" to balance the books abd persuade the bank to increase the line of credit.

In a real, well-run business you never spend what you can afford, you spend what it is efficient to spend. You focus on wealth creation and if you make a big surplus you make your gearing really low and/or you return cash to shareholders. In the case of Britain that would have meant reducing public debt and reducing taxes.

These mentalists think firstly that spending should be as much as you can afford, and then smoothly graduate from there to spending what you cannot.

Utterly screwed, beyond salvation imo.

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so a banker is earning 11,000 per second....we need to find this banker and stop him.

I suspect you don't have to find that particular one. Just start taking the bankers and shooting them. [1]

[1] All violent references for comic purposes only with no intention to incite violence and hatred against bankers in the community.

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Al understand what needs to happen, he just has to sit on the toilet every time he thinks about it.

The problem anyone "in power" has who wants to face reality is that there are a million broken souls just behind them who will take over from them the second they deviate from the "steal, spend it, lie" plan. The people in the public sector, the boomers with their (worthless) pension promises simply do not want to hear it.

Which is why anyone in public life who is looking at the issues seriously is treated with the same gravitas as Ronald McDonald by the media. (Hi Frank Field, Ron Paul et al.)

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You can, but you have to have a strong stomach.

You have to be prepared to rip the NHS down to a core, slash benefits and you have to be prepared to see peoples living standards plunge. All this stuff about management structures and so on must be done and it's a help, but we're fooling ourselves by thinking this can be done without fundamentally reducing the participation of the state in these worthy aspirations.

If we don't have the guts for that then we fail, simple as that.

And why did it all come to this ? Simple. So that people could tell everyone how much their house was worth. Nothing more. Really quite depressing.

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  • 440 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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