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Britain's Trillion Pound Horror Story

Starting to fail/fall Ireland,and Portugal next

EU begins Irish Republic bail-out talks
European finance ministers are meeting in Brussels, with the issue of a possible bail-out of the Irish Republic still top of the agenda.
http://www.bbc.co.uk/news/business-11771574
 
johncbdg1 said:
First we take the hit and dump all the old way,split up the total and start again in our own new country,and currency,what was lost is lost just like a bet gone done lost,the rest is a secret,as and if we split.
Click to expand...

But what's the advantage? Small countries don't make economic sense, it's far better to have a UK-wide (or EU-wide) common infrastructure as far as possible. Many places can't support self-sustaining economies, hence the migration to sunnier economic climes (like England)..

Or are you just in favourt of separatism at any price?
 
Not at any price,but i just see a out dated way of life as we new it,has gone,new times are a head but not as we are,we could trade with each other,and set about making our own mark on the world stage,we no longer can support each other,the time is right for UK change.
 
johncbdg1 said:
Starting to fail/fall Ireland,and Portugal next

EU begins Irish Republic bail-out talks
European finance ministers are meeting in Brussels, with the issue of a possible bail-out of the Irish Republic still top of the agenda.
http://www.bbc.co.uk/news/business-11771574
Click to expand...

Would this sort of stuff not be better off in the Credit Crunch thread? It's not really got anything to do with Britain's debt or the programme which sparked the thread.
 
johncbdg1 said:
Not at any price,but i just see a out dated way of life as we new it,has gone,new times are a head but not as we are,we could trade with each other,and set about making our own mark on the world stage,we no longer can support each other,the time is right for UK change.
Click to expand...

What do you propose we trade with each other - our debts?

If anything the current economic crisis is making the case for unity rather than separation and certainly so from a Scottish perspective. Remember that Arc of Prosperity Alex Salmond wanted to join?
 
ted_bloody_maul said:
johncbdg1 said:
Starting to fail/fall Ireland,and Portugal next

EU begins Irish Republic bail-out talks
European finance ministers are meeting in Brussels, with the issue of a possible bail-out of the Irish Republic still top of the agenda.
http://www.bbc.co.uk/news/business-11771574
Click to expand...
Would this sort of stuff not be better off in the Credit Crunch thread? It's not really got anything to do with Britain's debt or the programme which sparked the thread.
Click to expand...
Right. And the devolution stuff could go in Disunited Kingdom.
 
ted_bloody_maul said:
johncbdg1 said:
Not at any price,but i just see a out dated way of life as we new it,has gone,new times are a head but not as we are,we could trade with each other,and set about making our own mark on the world stage,we no longer can support each other,the time is right for UK change.
Click to expand...

What do you propose we trade with each other - our debts?

If anything the current economic crisis is making the case for unity rather than separation and certainly so from a Scottish perspective. Remember that Arc of Prosperity Alex Salmond wanted to join?
Click to expand...

Bring it on,and lets see where we stand,better to have nothing than be a part of a bigger nothing.
 
John, i think those chem trails are affecting you. ;)
 
Farage is telling it like it is. What a hero!!!
 
Strange. People do seem to be confusing size of debt with ability to service said debt.
The two are very, very different. :roll:

So product development and manufacture in UK may be many 100s% more than China. How do you force UK manufacture? Get a grip, never gonna happen outside of worldwide sanctions (perhaps we should shell South Korea LOL)

What we are seeing is the overdue start of a worldwide shift in the re-distribution of wealth. The issue will be to stop the mega wealthy grabbing back to pre-enlightenment ratios of wealth.

Also some people want to seperate out the South East (where I live BTW) and let the rest of the country go starve. Not very nice :( at least allow dependant(ish) states like Sottishland and Welshland to build up on their strengths before cutting them loose.
 
A pretty well-made programme which made some good points, but to be honest, some of its basic premises were little more than journalistic shock tactics.

For starters, it's ground stone was that the UK national debt is 4.8 trillion pounds. Well, er, no it isn't! In fact it's not even close. The real figure is a matter of debate. If you believe the official figure (which is massaged to make it seem as small as possible) then it's about 650 billion. If you believe even harsh critics, it could be as much as 1.2 trillion (which includes underwritings and liabailities that are impossible to estimate accurately without a chrystal ball) Even the most dogmatic, sensationalist worst case scenario panic merchants would put the figure well below 2 trillion. In short, they've inflated the figure by anything between 250 and 800 percent for shock value.

All of these figures are, of course, too high (I think everyone can agree!), but the only way you could come up with the 4.8 trillion figure is to include all projected pension payments for everyone still alive. Nobody ever does this when calculating national debt. It's like saying that because you buy a bottle of wine every week (price 5 quid) and intend doing so every week for the next 50 years, that you're already 12,500 quid in debt, despite the fact that you haven't actually spent any of that money. It's also a bit rich (if you'll pardon the pun) given that they then claim that these pensions are being 'stolen' from future generations. Think about that. It doesn't really make sense (well, regarding the pensions anyway!)

Then there's a bit of scare mongering about 'What if the UK economy went the way of Greece?' Well, fair question, but is it really relevant? The UK currently has an AAA credit rating. The best in the world.

They were spot on about politicians over-promising on spending to get elected (in my opinion anyway) but then they got in a load of politician who were guilty of exactly that to back up their argument. (If you don't believe me, just look at what happened to the national debt throughout the Thatcher, Major and Blair years.) Hardly convincing stuff!
 
Welcome to the MB, emina!

Good to have another critical and numerate mind on board!

8)
 
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