Britain "missing" £500Bn

[Kromovaracun]

http://www.independent.ie/world-news/europe/britain/new-figures-show-britain-500bn-poorer-than-thought-36230217.html

British govt accounts have overvalued the economy by about £500bn (about 25% of GDP).

In addition to showing that Britain has virtually no foreign currency assets left, the newly revealed figures show that outside investment has "collapsed" from £120bn in the first half of 2016 to a net outflow of £25bn this year.

How screwed are we?

[davegosling]

#YouYesYet?

[Old_Geezer]

Really ? All the more reason not to cave in to EU Brexit mugging demands then.

[KARL]

How surprised is anyone ?

[KARL]

Full steam ahead on a sinking raft

[Zacs-Master]

Yeah but that’s cos your a lefty innit!


(Sorry, I think I was channelling someone there)

[Khandro]

Kromo; You seem to not understand that it's all a huge con. - it isn't real money, we live in an economic fantasy world - but even so, come Dec. 31st you will have to cough up £25. of it :0)

[douglas9401]

We are lied to from birth to death. Don't worry about it, there's no point.
They, of whatever political stripe, they just don't care about us plebs scratching around and never getting out of the bit.
As long as nest feathering is allowed to go on relatively unchecked it's all fine for them, no worries.

[Gromit]

A similar thing has just happened to Germany.

https://thegeneraltheorist.com/2017/09/08/germanys-missing-e500-billion/

Is there a super villian at loose ?

[douglas9401]

No super villain, just many ordinary ones, well organised.

[Gromit]

// Making matters worse, foreign ­direct investment (FDI) by companies is plummeting. It fell from a £120bn surplus in the first half 2016 to a £25bn deficit over the same period of this year. //

Did something happen between early 2016 and early 2017, that has put off foreign investors ?

[ToraToraTora]

looks like project fear is coming to and end and we are now embarking on project na na nana na! PMSL!

[gulliver1]

You can only blame the present Government. {Incompetence}.

[RATTER15]

It was me!! I have it in my Post Office savings account. Dont tell anybody!

[ToraToraTora]

kromo has it down the back of his sofa!

[youngmafbog]

As EU contributions are based on GDP, does this mean we get a refund?