"Britain Could Suddenly Go Bust"

[gulliver1]

As National debt is bigger than the Entire Economy is worth.And it's only going to grow under this Government as Borrowing soars.This Govt spends more than it collectively earns.In May the Public sector spent £20 billion more than they collected in Taxes.
Thats double the £9.4 Billion it Borrowed in May last year .Public sector net debt at the end of last month was a mind boggling £2.567 Trillion.

[LadyCG]

If everyone ignored Gulliver then one day he might ... just might ... stop posting this utter tripe all the time.

[Kardashev]

I don't understand, the country owes, just over one years GDP. That's like owing a years salary on a mortgage.
https://tradingeconomics.com/country-list/government-debt-to-gdp
UK is way down the list, click on the column headings and you'll see we are a long way down.
Why do you think UK could go bust?

[Bobbisox1]

Kardashev, he doesn’t , this was copied from the Express :0)

[Kardashev]

Forgive me I don't post often so is this some sort of satire then?

[Bobbisox1]

No, just Gulliver pretending he knows it all

[Kardashev]

"As National debt is bigger than the Entire Economy is worth." - You mean we owe slightly more than one years turnover? I think you may have fundamentally misunderstood.

[ToraToraTora]

kardy, I think I can clear this up, the poster of this thread is a card carrying anti British eejit.

[LadyCG]

Gulliver likes to put his own anti-Tory spin on things.

[Old_Geezer]

And the planet could suddenly get hit by a massive asteroid and smash in two. Not putting any money, or faith, in it though.

[Gramps82]

For once I entirely agree with the poster that 'Britain Could Suddenly Go Bust'. It will happen if the Labour Party, along with Keir Starmer's policies, are elected at the next General Election.

[bobbinwales]

Ha but mo chance either. Yes public spending & borrowing will go up under Keir to improve services and buy off the strikers ' , and tax may rise allso...but in the long term there will be more stability and growth amd more trust in politicians. It may take 3 years to see benefits but they'll come

[retrocop]

//Avatar Image gulliver1Question Author9.55//
If it's posted by me, then you can take it as taken from the Muppet Book of Fairy Tales.

[Ryzen]

I would take a punt and say that the debt in gullivers world is a lot higher.

[douglas9401]

Two and a half trillion is not 'many' trillions, it's 'a couple'

[ToraToraTora]

Looking at the link above, Spain, France, italy, Greece out of the EUSSR are a lot worse....and USA and Japan are a lot worse than that, so are they going bust too? I think Gully claims to live in Spain.

[bobbinwales]

Have...if that's for me your right i thought gulliver was saying 2,567 trillion...the decimal point looks like a comma on my tiny screen... but listing examples from the last few years totalling less than a billion is still going nowhere near explaining the y2.5 trillion.
Gulliver quotes the article writers headline but doesn't include the writers 'explaination' which is too generous increases state pensions and UC and the need for big cuts in public spending which I'm sure gulliver like me don't want

[retrocop]

Clearly the pain in spain does not possess a brain.

[bobbinwales]

The article always says Italy and France are in a worse position...don't make ours any etter but shows not all bad economic data are due to brexit

[bazwillrun]

now now, dont be destroying the OPs post with facts, you know how he cries like a baby when things dont go his way

[gulliver1]

What is happening with this Clownservative Govt is they are spending more than the Nation Collectively earns. Forcing it to fund everday spending by borrowing money ..and when the inevitable crash happens which it will, the way this lot are running the Country... When they lose the next General Election there will be a note left in the safe at the Treasury for the incoming Govt ...Saying sorry there's no money left.