Following UK's fiscal deterioration into default or prolonged inflation

[sancho panza]

Setting up this thread to concentrate some of the newsflow from the mian thread,on the UK's deteriorating fiscal situation.So much good stuff gets posted on there but gets lsot in the 100's of pages.

Public sector pensions,national debt,govt spending,fiscal deficits etc.

 

 

 

From the mian thread

 

'even more alarmingly we're headed for £3trillion in national debt in two to three years at teh rate we're going on a tax take circa £1trillion

https://www.ons.gov.uk/economy/governmentpublicsectorandtaxes/publicspending/bulletins/ukgovernmentdebtanddeficitforeurostatmaast/march2023

https://commonslibrary.parliament.uk/research-briefings/cbp-8513/

 

[sancho panza]

I think we know the GDP figures are a bollocks representation of UK economic output

 

you can imagine the westminster elite reading into these stats that we're much better off than Greece and Italy

https://www.ons.gov.uk/economy/governmentpublicsectorandtaxes/publicspending/bulletins/ukgovernmentdebtanddeficitforeurostatmaast/march2023

Edited September 22, 2023 by sancho panza

[Democorruptcy]

46 minutes ago, sancho panza said:

I think we know the GDP figures are a bollocks representation of UK economic output

 

you can imagine the westminster elite reading into these stats that we're much better off than Greece and Italy

https://www.ons.gov.uk/economy/governmentpublicsectorandtaxes/publicspending/bulletins/ukgovernmentdebtanddeficitforeurostatmaast/march2023

 

 

It looks like debt is strongly correlated to tourism. Look at all those sunny countries at the top. Chasing the tourist money costs too much, they don't bring anything except more debt.

[reformed nice guy]

2 hours ago, sancho panza said:

a 6.3% yoy increase in debt AFTER freezing allowances ALONGSIDE a 8.5% increase in average wage!

[Harley]

8 hours ago, Democorruptcy said:

It looks like debt is strongly correlated to tourism. Look at all those sunny countries at the top. Chasing the tourist money costs too much, they don't bring anything except more debt.

Gotta pay for those deckchairs.

And you seen the price of sand?

Edited September 22, 2023 by Harley

[Harley]

On 10/08/2023 at 11:37, sancho panza said:

Setting up this thread to concentrate some of the newsflow from the mian thread,on the UK's deteriorating fiscal situation.So much good stuff gets posted on there but gets lsot in the 100's of pages.

Public sector pensions,national debt,govt spending,fiscal deficits etc.

 

 

 

From the mian thread

 

'even more alarmingly we're headed for £3trillion in national debt in two to three years at teh rate we're going on a tax take circa £1trillion

https://www.ons.gov.uk/economy/governmentpublicsectorandtaxes/publicspending/bulletins/ukgovernmentdebtanddeficitforeurostatmaast/march2023

https://commonslibrary.parliament.uk/research-briefings/cbp-8513/

 

£160bn tax on value added, no wonder there isn't any!

Edited September 22, 2023 by Harley