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pandora's box

Bank Bail-Out Adds £1.5 Trillion To Debt

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The amount the UK is shown to owe will balloon as the public sector's finances start incorporating figures for the state-backed Royal Bank of Scotland and Lloyds Banking Group.

Their liabilities could add up to £1.5 trillion extra, a burden equivalent to around 100pc of gross domestic product (GDP), to the public sector net debt.

Telegraph link

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The amount the UK is shown to owe will balloon as the public sector's finances start incorporating figures for the state-backed Royal Bank of Scotland and Lloyds Banking Group.

Their liabilities could add up to £1.5 trillion extra, a burden equivalent to around 100pc of gross domestic product (GDP), to the public sector net debt.

Telegraph link

yes, but what about the very valuable assets?

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"Because they're (Goodwin, Hornby, Daniels, Diamond et al) worth it"

entitled?

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yes, but what about the very valuable assets?

Probably worth a lot less than all of the other claims on future tax revenues that have been left off the balance sheet as a result of Enronesque National Accounts.

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Probably worth a lot less than all of the other claims on future tax revenues that have been left off the balance sheet as a result of Enronesque National Accounts.

nonsense, very very clever and highly paid professionals have produced mathematical models that prove, beyond doubt, that they are worth whatever the calculation tells them it is.

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nonsense, very very clever and highly paid professionals have produced mathematical models that prove, beyond doubt, that they are worth whatever the calculation tells them it is.

I completely forgot about that. I feel much better now ;) .

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We're certainly motoring now. Remember though, debt is wealth, so the UK is rich, rich I tells ya :rolleyes:

We've all just got richer thanks to the bankers.

The govt will be minted once they flog these banks on. Can't wait for the profit to come.

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  • 314 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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