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Trade Deficit

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This comes in at about £145.00 for every man woman and child in the country or put another way about £377.00 for every family in the land and that’s just one months debt

chances are it has been massaged down by government and in any case excludes PPP

ECB has cautioned the UK about this spending pattern

Total UK deficit is £550bn plus and getting bigger by the day

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This comes in at about £145.00 for every man woman and child in the country or put another way about £377.00 for every family in the land and that’s just one months debt

chances are it has been massaged down by government and in any case excludes PPP

ECB has cautioned the UK about this spending pattern

Total UK deficit is £550bn plus and getting bigger by the day

Remember the working population in the UK is 28.8 million so it's £302 per month for everyone in employment.

This figure will grow quite a lot yet as the North Sea diminishes and manufacturing moves to asia.

A large portion of the cash flowing out of the UK will have been borrowed in the first place, how exactly will the country pay this off?

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Remember the working population in the UK is 28.8 million so it's £302 per month for everyone in employment.

This figure will grow quite a lot yet as the North Sea diminishes and manufacturing moves to asia.

A large portion of the cash flowing out of the UK will have been borrowed in the first place, how exactly will the country pay this off?

The next Conservative Government will take the axe to public services and will cut tax.

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Remember the working population in the UK is 28.8 million so it's £302 per month for everyone in employment.

This figure will grow quite a lot yet as the North Sea diminishes and manufacturing moves to asia.

A large portion of the cash flowing out of the UK will have been borrowed in the first place, how exactly will the country pay this off?

Gordon CLown will consolidate his debt & pay it off with another loan.................

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We have so many public sector workers in the UK and they take a lot more days off on the sick then private sector workers as it all gets paid for out the bottomless pit paid for by our taxes so I think if HN51 makes it to the UK then they will all take a few months off on the sick and our deficit will balloon even more.

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Let's not confuse the trade deficit with the national debt...............

The trade deficit (XS of imports over exports)after allowing for invisible earnings (which are always in surplus thanks to financial services) reached £5.9 billion last month which is about 5.5% of our total economic output..(GDP)...and I reckon if it goes any higher we're in the danger zone............Old fashioned Sterling crisis..........and all that....

The national debt is about £550billion or about 50% of our annual economic output and not at all bad by international standards.........In Italy, Belgium and Japan it's more than 125% of national income.....All governments maintain this debt by issuing new government bonds/gilts as quickly as they redeem old ones and it is only the interest payable on the debt that is a burden to the taxpayer ..........Here the interest takes up about 7.5% of government spending but in the other 3 countries more than 15%..............

The national debt in Britain may not be large but the increase in it caused by the govt spending more than it gets in tax revenues gives cause for concern as the current overspend is about 3.5% of GDP.....which is excessive given that we're still just past the top of the economic cycle and one does wonder how big it would get if we go into recession.................

We are like the US in running these twin deficits .....and both countries are living on borrowed time..

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  • 301 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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