Britain is finished thanks to inept previous governanceWatch
A long in depth look at why below from Money Week.
This is what they won't tell you because they'll keep telling you it's all rosy and great so you keep paying taxes into the coffers to fund their luxury lifestyles.
And a more recent article below pretty much saying the same thing but in less detail.
Peter Hitchens said it best when he said anyone who is young enough and skilled enough should emigrate whilst they can. If you are young then you should be heading to places like Australia or other parts of the world with less debt per head.
The only way of ever managing this financial disaster is to enforce cuts upon the people that (a) will lead to mass reduction in quality of life - it's already happening - look at the food bank usage and (b) cuts that won't be accepted anyway because of the culture of entitlement - this culture is preyed on by the likes of Labour who want to get back into power to serve their own vested interests yet again. Of course, Labour aren't the only party guilty of this.
Finally, a strong economy means nothing when you have an incredibly inflated public sector to fund. The public sector is ridiculously inflated and this puts strain on the economy to do well otherwise more borrowing is needed per annum to meet the costs of public expenditure.
The electorate will never learn because its reactionary not allowing long term solutions to be implemented. The entire process continues to go around in circles without real solutions. They talk the talk pre-election to get voted back in but the reality is they're full of rubbish.
Sorry to be the bearer of such bad news and a pessimistic outlook when you're all working hard towards building a future in the UK but the reality is you'll have to pay off the debts build up by these governments over the next few decades and your quality of life will suffer as a consequence of their selfish and inept actions. If you're happy with that situation and are happy to pay off the debts they built up then that is fine.
Also, politicians firstly try to convince people that there is no difference between the deficit and debt. They tell people about the deficit in an attempt to not talk about the debt. However, when the debt is then brought up, they then resort to peddling the lie that 'debt doesn't matter and is normal' which is complete hyperbole.
Debt doesn't matter as much to them because them and their friends in big businesses are not the ones having the mass amount of debt levied on them to the extent it impacts their daily quality of life due to how much they earn. For example, a £60 cost levied on the average taxpayer is far more of a burden than £60 levied on the richest percentile in the UK.
Brits can live in denial all they like but the reality is the reality and just like Greece, it's going to hit the brick wall because governments simply refuse to cut deep enough to tackle the mass amount of debt that has been built up and is increasing by thousands every second. The same will happen with other EU nations that are simply refusing to tackle their national debts. Fortunately for many of them, they didn't go through as much borrowing under previous administrations and thus have less debt per person to tackle.
Also, Germany*, Poland, the Czech Republic, Sweden (non EU) and Luxembourg are, I believe, the only countries with a debt falling at the moment because they are doing what is needed to tackle their debts. I have put an asterisk next to Germany because whilst the debt is declining per person in Germany it is still over £20,000 per person which is more than 5 times the debt per head in places such as Poland.
Remember, all of this comes at a cost and it is you who is footing the bill. The problem is, you're paying into the coffers but the government still isn't spending the money wisely making efforts in vain. They'd rather spend mass amounts on Trident (some may argue its essential - thats not the point of this thread - different debate) and foreign aid which costs billions every year.
Let that swirl around your head for a moment. A country that is trillions in debt, a debt you're expected to pay back, is giving away your money (it doesn't have and is borrowing) to other countries. Its fiscal idiocy at its finest but of course the politically aligned and brainwashed pseudo-economists with hidden agendas (i.e. want to become quangos in the civil service or politicians to serve themselves like tribal football fans) will tell you completely different.
Peter Hitchens speaking the truth whilst little moronic socialists like Owen Jones peddles his crap due to having other motives.
A quick google search brings up critiques...
That moneyweek end of Britain article is a sham, it's been going round the internet for a while now.
A quick google search brings up critiques...
Take it all together and we do have to recognise that Britain is unlikely to be able to sustain current levels of public spending. Especially when so much of it is wantonly wasted.