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Bankrupt Britain

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http://uk.news.yahoo.com/21/20091204/tuk-850bn-bill-to-rescue-british-banks-6323e80.html Beware..... you're being sold down the drain. The report also reveals little was known about the scale of… Read More
wandereragro Avatar
7y, 6m agoPosted 7 years, 6 months ago
http://uk.news.yahoo.com/21/20091204/tuk-850bn-bill-to-rescue-british-banks-6323e80.html

Beware..... you're being sold down the drain.

The report also reveals little was known about the scale of the problems at Royal Bank of Scotland before it was bailed out with vast sums of taxpayer cash.

(RBS has more liabilities on its banksheet than the total GDP of the UK).

The total public sector support - including borrowing guarantees and liquidity support from the Bank, as well as savings depositor protection - runs to £850 billion.

(Most of those "assets" are more worthless than toilet paper, by backing worthless crap you're merely throwing more money away).



SSHHH, this thread was never posted.... all hail the New World Order, hopefully led by none other than Goodon Broon.
wandereragro Avatar
7y, 6m agoPosted 7 years, 6 months ago
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#1
Jumpingphil
Why have you put this in feedback?
Sounds more like a misc post to me.:thumbsup:


Perhaps there should be a "Daily Mail" category for this sort of thing where like-minded people could discuss this and other interesting subjects?, :roll:
#2
what gets me is the bankers are up in arms about the bonuses

i have always thought that you get bonuses for performing - not getting the banks in the shzzle - so.........they shouldnt get them


are you innit

hukd secret santa
banned#3
I dont see what all the fuss is about

The UK National debt only works out at £30,000 each for every man, woman and child. :w00t:

Expect taxes to go through the roof for the next century just trying to pay it back!

The interest alone each year comes to £100Billion

http://www.economicshelp.org/blog/wp-content/uploads/2009/01/net-borrowing.jpg
#4
csiman
I dont see what all the fuss is about

The UK National debt only works out at £30,000 each for every man, woman and child. :w00t:



£30,000 for every person, you'll need some damn good deals and savings to come up with that sort of money. Good thing HUKD is up to the task.

But on a serious note higher taxes will destroy the consumption / services based economy the UK has, the financial sector is already dying. Higher taxes = less spending, doesn't take a genius to work that out.
banned#5
wandereragro;7114375
£30,000 for every person, you'll need some damn good deals and savings to come up with that sort of money. Good thing HUKD is up to the task.

But on a serious note higher taxes will destroy the consumption / services based economy the UK has, the financial sector is already dying. Higher taxes = less spending, doesn't take a genius to work that out.

the governments own projections predict they will be taking an extra 7% of GDP by 2014. That equates to about 15% extra on income tax or a real terms cut in spending by about 10% :x

and thats just to stop the national debt increasing!

some severe pip squeezing in the years ahead.

and some people still say Brown was a good chancellor :w00t:

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