No we're not bankrupt - that's just a daft thing to say.

And well done for conflating so many issues too.

 

No, but as I said we are 'technically' bankrupt. If we were a company and we ceased trading today we don't have enough assets to cover our debts. Is that really too hard to understand?

You're welcome. Now why not go and form some actual opinions on some issues and post them up rather than just picking holes in what everyone else writes without ever offering an opinion yourself. You should work in politics given the way you dodge issues and just criticise others... that's not a compliment by the way!

 

 

Well then you may as well say this country has been bankrupt for the last 300 years. In any case to compare the running of the UK economy to that of running a company shows a lack of understanding of how the UK economy works. For a start, companies can't "print" currency!

Here's some more good news, RBS bank has posted huge increase in profits, a big win for the tax payers.
http://www.theguardian.com/business/...-bank-scotland

 

I'm sure Cameron says we are one of the Richest countries in the world, I don't know where the **** he gets that from but it's his reasons for donating billions to foreign aid every year!

 

Yep, I think he just says whatever lie suits his agenda to be honest. He wanted the plaudits of being the first PM to ensure at least 0.7% of our GP is given over in foreign aid yet at home we have record numbers of people using food banks for instance. It's daft

 

1) Our economy is based on a massively inflated and completely unproductive finance and housing market. We make very little except other people's cars.
2) We export very little and import a lot.
3) Our debt levels are astronomical - we can't afford the NHS or our welfare state and haven't been able to for decades.
4) So our debts have rocketed year on year and our "austerity" measures are doing absolutely bugger all.
5) I can't believe how easily the public are manipulated. Mostly football fans I guess.

 

Sadly, yes!

 

If you go by that logic, well then you can say the same for your PR company since it is also part of the service industry and doesn't actually "make" anything and therefore are very much part of problem you lambast whilst you swan about in your very nice imported German motors.

 

I don't think he is saying he is not part of the problem, I think he's saying most of you refuse to acknowledge there is one!

 

No, it's just we acknowledge the pointlessness of crying over spilt milk! There's a difference!

Anyway, the debt is not a problem. The orthodox method of servicing debt is through austerity and raising taxes. This have proven to be the correct path as the IMF has shown. National debt to national income has come down from 153% in 2009/10 to 134% at the end of 2013, whilst I acknowledge it's not ideal it is at the very least under control.

 

Pathetic response tbh

 

Well at least the weather is nice

Seriously though Mattee explain those graphs please? On the y axis of the first graph it reads debt as a % of gdp and goes to 500. Are you claiming UK and Japan have a debt to gdp ratio of 500%??

The second graph has no labels on the axis.

Lastly I assume you see Germany as a country that really makes stuff and exports it, is fiscally responsible etc? How do you think their debt to gdp % compares to the UK?

 

And your contribution to this thread has been what exactly, other than just another opportunity to drop hints of your bourgeois lifestyle? Crass.

 

It's not just about how much money the country has, it has alot to do with the confidence small businesses and the general public will have to spend.

 

Correct!

My pessimism with our economy isn't self serving BTW; we've doubled our retained client base in two months; far more beneficial than hoping for a house price crash; I just know we're far worse off than many countries we consider to be skint and it's largely based on convincing the population they are well off because the house they "own" (actually it's usually the bank that owns them) is artificially sky rocketing in value.

At some point something has to give.

Anyway I'm buggering off to Europe for a month; Santander ferry from Plymouth at 3.45.

Yeeee haaa!

!

 

I'm guessing the irony of your role as a PR company hasn't escaped you; convincing people things are better than they actually are.

 

I don't think he is saying he is not part of the problem, I think he's saying most of you refuse to acknowledge there is one!

 

lol

"I refer the Right Honourable gentleman to a post I made some moments ago."

 

I never said he was part of the problem, merely pointing out that by his logic he would be. I've moved on from there, my last reply to him was just a light hearted quip about PR hence the smilie. I respect the fact that he is able to run a successful business despite not "making" anything in these tough economic times, and we need a lot more small enterprises to contribute to the economy. So keep calm and carry on!

 

Both your posts have been deliberately avoiding the issue Matt has raised by turning the argument on him personally. A bit pathetic really whether you really meant it lightheartedly or not!

 

Let's not get away from ourselves shall we, you are no stranger to this, and I might add, quite aggressive with your responses when it comes to turning arguments into personal attacks. The rank hypocricy!!

 

You're doing it again. We're not talking about me, we're talking about the likes of you and how on any thread where the economy is being discussed you won't face up to facts as a) it probably scares you and b) you don't like your beloved Tories shown up for the selective information imbibing monkeys they are!

P.S. hypocrisy is spelt with an s

P.P.S. I give as good as I get on here. Hit the RTM button if it bothers you!

 

Right, so you criticise me for turning the discussion on Matt and yet it's ok for you to turn the discussion on me.

So let's get back on topic then shall we. What are the facts of the economy that the likes of me refuse to acknowledge? I don't dispute that the UK has a massive debt to service. Do you dispute that the austerity measure is not working? That the economy is not in growth? That the debt is not under control? How is the UK "technically" bankrupt? What is the deficit in assets you speak of that the UK can't service it's debt if it stopped trading? Is that even real scenario? I'm genuinely interested in your answers.

 

Eh?
We're about to have a month's holiday touring Europe. While our business is doing well (we have very good people looking after it while we are away). We did the same last year. How am I making things sound better than they are?!

Things are fine for us but I'm not dumb enough to be blinded to the **** our nation is in.

 

You pretty much say that the UK has a broken economy, and yet here you are stating that you've doubled your customer base in the past couple of months, which coincides with the growth reflected in the UK economy. You are not in a unique situation as other businesses are showing growth too. Sure things can be better, things can always be better, and yes UK has a huge debt, but it is currently being managed with an austerity measure that is working as confirmed by the IMF. I congratulate you on your successful business, but you can't deny that is due in part of and not in spite of a recovering economy.

 

I see what you mean now. Yep, things must be improving or we're just lucky; for now.

 

What's good for the goose....

That it's one day going to have to face up to the fact it cannot service its debt. It can now as many of the 'loans' are not due for repayment, but in a few years time that all changes! We cannot afford it along with the welfare state and the likes of the NHS in its current guise. Something has to give, but the politicians are ignoring it.

Not working in a manner that is going to be of any long term help. Besides welfare spending is still rising so ... you could say... what austerity measures?

Yes it's growing.... enough to stave off disaster without other measures being taken? Nope!

Under control by the government's own benchmarks... yes! Under control in real terms... nope!

Basic economics... many countries are in the same boat only not many developed ones to the extent we are!

 

So what's the answer to this, what would you do other than emigrate to Australia?

 

Was just about to post the same question.

So F1, just what would you do to put the country back on it's feet.?