600 million Pounds a day ?

[sarah_louise]

The Daily Mail of March 5th says the Government is borrowing £600,000,000 a day ?
That is 25 million an hour or £416,000 a minute.
At present we have a Budget Deficit of 178 Billion which will be increasing by 4.2 Billion a week.

Would someone please confirm that this is a printing error in the Daily Mail. ?

If it is not..................we are doomed...!!!

[sarah_louise]

The link is
http://www.dailymail....ting-economy-ice.html

[R1Geezer]

it's worse than that, they printed sorry, quantitively eased, 200Billion so essentially the deficit is 378billion oh and that's just for a year you don't want to know the real national debt. Hey ho Noo labour you can't beat it!. Can anyone tell me a labour government that didn't screw up the finances? It took this one longer then usual I grant you, but same result! Fortunately the tories wil have to take the unpopular measures to sort out the finances just in time for joe "thick as two planks" public to put Labour back it to screw it up again. thus the cycle continues!

[sarah_louise]

If the UK population is 60 million we all need to pay £10 every day to cover that amount without beginning to reduce it. As not many of the 60 million are in full time employment and seen to be contributing through tax and national insurance it is much worse.
Am I the only person in the UK that seems to be excessively worried about this. ?

[sarah_louise]

Right now, the National Debt is growing violently. The Government forecasts it will soar to an eye-watering £1.1 trillion by 2011. To put that in perspective, the UK went bust in 1976 running a budget deficit of 6% of GDP. In 2010 that deficit is going to top 12%.

[sumo19]

Yeah but to be honest that is standard practice!

The UK actually has a lower percentage of debt compared to Growth Domestic Product when compared to other countries in the EU. It's not great but we are definately not doomed

The banks were nationalised when the government bought a load of the shares. When the banks pick up the country will cash in when the time is right. This will creat an unthinkable amount of money.

It's still a bad situation though. But it's the government's problem. I don't run the country. I'll just have to pay for their mismanagement in the future.

[Whoever]

sarah-louise, You are probably one of the few members of the public to have realised the dire straits of our national debt. 98% of our population are more concerned with what's happening in the next episode of Eastenders or which celeb has just broken up with her husband. Yet sadly these people get the vote and have the power to decide which group of idiots are given the power to run our country and decide our future for the next four years. Perhaps everybody should have to pass an exam before they are given the privilege of being able to vote.