reddog Posted March 17, 2020 Share Posted March 17, 2020 (edited) Chancellor, speaking now, throwing around money like crazy. Current debt to GDP 85.9% How long before UK debt to GDP above 100%? My betting is 1 year or less. Edited March 17, 2020 by reddog Quote Link to comment Share on other sites More sharing options...
hurlerontheditch Posted March 17, 2020 Share Posted March 17, 2020 3 days ! Quote Link to comment Share on other sites More sharing options...
scottbeard Posted March 17, 2020 Share Posted March 17, 2020 Next couple of weeks what else can they do though? In the long run it’s probably better than letting everything collapse into dust Quote Link to comment Share on other sites More sharing options...
cica Posted March 17, 2020 Share Posted March 17, 2020 In the banking crisis we bailed the system and the players. We actually need to bail the players now I think. Quote Link to comment Share on other sites More sharing options...
reddog Posted March 17, 2020 Author Share Posted March 17, 2020 1 minute ago, scottbeard said: Next couple of weeks what else can they do though? In the long run it’s probably better than letting everything collapse into dust Well it is not really in their hands, but obviously the debt to gdp should have been much lower, before a crisis - theoretically we have just been through the longest economic expansion ever!! Also I can understand why they need to keep strategically important companies going, but as most restaurants ultimately go bust anyway, I don't think absolutely everyone and everything needs to be bailed out - especially in the light that getting into out of control spending could bring the whole country down. Quote Link to comment Share on other sites More sharing options...
Simhadri Posted March 17, 2020 Share Posted March 17, 2020 6-12 months Quote Link to comment Share on other sites More sharing options...
Burbujista Posted March 17, 2020 Share Posted March 17, 2020 It will be 0% in a year. We will default as Lebanon did a few weeks ago. Quote Link to comment Share on other sites More sharing options...
Bluestone59 Posted March 17, 2020 Share Posted March 17, 2020 5 hours ago, reddog said: Well it is not really in their hands, but obviously the debt to gdp should have been much lower, before a crisis - theoretically we have just been through the longest economic expansion ever!! Also I can understand why they need to keep strategically important companies going, but as most restaurants ultimately go bust anyway, I don't think absolutely everyone and everything needs to be bailed out - especially in the light that getting into out of control spending could bring the whole country down. The problem seems to me that nearly everyone DOES seem to need a bail out. Wait a minute. How many employers have been subsidised by tax credits, got cheap labour from the EU and elsewhere and then spent excessively on divis, directors fees and share buybacks. Having to fund the minimum wage and workplace pension payments must be just a pinprick in comparison. Quote Link to comment Share on other sites More sharing options...
scottbeard Posted March 18, 2020 Share Posted March 18, 2020 6 hours ago, reddog said: Well it is not really in their hands, but obviously the debt to gdp should have been much lower, before a crisis - theoretically we have just been through the longest economic expansion ever!! Absolutely! But from the corner they have painted themselves into today's measures sounded (at first pass anyway) reasonable. Quote Link to comment Share on other sites More sharing options...
reddog Posted March 18, 2020 Author Share Posted March 18, 2020 As someone put in another post £1 now below $1.20..........bad times Quote Link to comment Share on other sites More sharing options...
hurlerontheditch Posted March 18, 2020 Share Posted March 18, 2020 1.18 now wonder will it hit 1.1 this week glad I bought some morning after the election as a hedge but not enough Quote Link to comment Share on other sites More sharing options...
reddog Posted March 18, 2020 Author Share Posted March 18, 2020 $1.15 now - how low can you go!! Quote Link to comment Share on other sites More sharing options...
HowMuch! Posted March 18, 2020 Share Posted March 18, 2020 80,000 gdp debt per tax payer in a few months Quote Link to comment Share on other sites More sharing options...
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