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Southmartin

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2 hours ago, Southmartin said:

Not sure... though if it's down to 50bn and we're paying more than that in debt interest - then boom! Job done 

Possibly .but i`m sure i heard them say we are only borrowing 50 so perhaps we are paying the interest with a different credit card

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11 hours ago, Long time lurking said:

Possibly .but i`m sure i heard them say we are only borrowing 50 so perhaps we are paying the interest with a different credit card

Hope they get another 19 months interest free period on another card when this one ends then...

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Uks running a current budget surplus - tax take covers current spending.

Theres the issue of 90% of gdp debt to deal with. Repayments and rolling that over is an issue.

And if the uk has another recession which will really fuck it over.

The uks big problem is the state us too big - and useless.

And tax credits give too much, for too little, for non brits.

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