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Nurses would like more money please
TOPIC: Nurses would like more money please
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Re:Nurses would like more money please 6 Years, 7 Months ago
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Labour left Britain broke?
Consider these facts - or refute them:-
(a) Major left a £355 billion Debt in 1997
(b) Wilson/Callaghan left £95 billion in 1979
(c) Since 2010, the Tories have increased the Debt by £1,000 billion
All so easily verifiable - and obvious who did the majority of the debt creation!
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Re:Nurses would like more money please 6 Years, 7 Months ago
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In The Know wrote:
Debt interest is currently £41 billion a year
Broadly correct.
But, as you know (!), about one third of this figure goes back to the government - via the Bank of England, who provide a significant proportion of the Debt.
Current net interest on the Debt is about £30 billion - and the Debt is close to 90% of GDP, and expected to rise further.
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Re:Nurses would like more money please 6 Years, 7 Months ago
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Because you are unable to dispute/understand my figures - you have to ignore them.
Not all that long ago, you disputed - even the existence of - a growing Debt!
£2T, and rising...
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Re:Nurses would like more money please 6 Years, 7 Months ago
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In The Know wrote:[/b[b]JK2006 wrote:
They inheritied a surplus in 1997
In that year, the National Debt (with Major) was £355 billion
No Tory budget surplus has been seen, for nearly 40 years
Unlike Labour...who were the only one to do it in recent years¡
On again to the mantra - loonies, bias, inaccurate statements/facts without links or ....
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Re:Nurses would like more money please 6 Years, 7 Months ago
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No - I didn't think you could dispute anything! Figure are not your thing.
The £41 billion annual interest on the National Debt is the only one you regularly quote.
But, as already mentioned, even this is wrong.
As the Bank of England Asset Purchase facility (Quantitative Easing) now provides a large chunk of the Debt.
Interest received goes back to the government - leaving a net interest cost of £30 billion.
No wonder you don't talk about facts/figures...and seem unable to understand that the Tories more than doubled the Debt in 7 years!
www.nationaldebtclock.co.uk
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Re:Nurses would like more money please 6 Years, 7 Months ago
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After a period of financial restraint, from mid 1990s, (when the Tories were in control) public sector debt as a % of GDP fell to 29% of GDP by 2002 (Labour had been forced to promise to keep the Tories spending plans in 1997 in order to get elected - so they "benefitted" from the Tories fiscal policy).
From 2002 – 2007, national debt increased to 37% of GDP. This increase in debt levels occurred despite the long period of economic expansion; it was primarily due to the government’s decision to increase spending on health and education (see: Government spending in this period). There has also been a marked rise in social security spending. (surprise ! surprise ! A labour government = more dolers !
2008-2015 – public sector debt has increased sharply because of:
2008-13 recession (a Labour government again !) (lower tax receipts, higher spending on unemployment benefits) The recession particularly hit stamp duty (falling house prices) income tax and lower corporation tax.
These cyclical factors have also exposed an underlying structural deficit. ( deficit caused by spending greater than tax, ignoring cyclical factors)
Financial bailout of Northern Rock, RBS, Lloyds and other banks. (caused by Labour offering "light touch" control of the banks)
From 2011-2015, the pace of increase in the public sector debt has slowed due to the government attempts to reduce the budget deficit (Coalition government). The government has announced strict spending limits.
all from - www.economicshelp.org/blog/334/uk-economy/uk-national-debt/
Would it help if we translated it into Swaheli ???
Maybe pictures would help??
A few drawings, perhaps?
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Re:Nurses would like more money please 6 Years, 7 Months ago
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Spee wrote:
No - I didn't think you could dispute anything! Figure are not your thing.
The £41 billion annual interest on the National Debt is the only one you regularly quote.
But, as already mentioned, even this is wrong.
As the Bank of England Asset Purchase facility (Quantitative Easing) now provides a large chunk of the Debt.
Interest received goes back to the government - leaving a net interest cost of £30 billion.
No wonder you don't talk about facts/figures...and seem unable to understand that the Tories more than doubled the Debt in 7 years!
www.nationaldebtclock.co.uk
Sadly it's like having a conversation with a waxwork dummy
They don't contradict anything either
Not only unable to provide links/evidence...ITK resorts to ridicule
To avoid the fact that the current Tories are the biggest borrowers ever
But - as Jack said - 'you can't handle the truth'....
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Re:Nurses would like more money please 6 Years, 7 Months ago
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In The Know wrote:
After a period of financial restraint, from mid 1990s, (when the Tories were in control) public sector debt as a % of GDP fell to 29% of GDP by 2002 (Labour had been forced to promise to keep the Tories spending plans in 1997 in order to get elected - so they "benefitted" from the Tories fiscal policy).
From 2002 – 2007, national debt increased to 37% of GDP. This increase in debt levels occurred despite the long period of economic expansion; it was primarily due to the government’s decision to increase spending on health and education (see: Government spending in this period). There has also been a marked rise in social security spending.(surprise ! surprise ! A labour government = more dolers !
2008-2015 – public sector debt has increased sharply because of:
2008-13 recession (a Labour government again !) (lower tax receipts, higher spending on unemployment benefits) The recession particularly hit stamp duty (falling house prices) income tax and lower corporation tax.
These cyclical factors have also exposed an underlying structural deficit. (deficit caused by spending greater than tax, ignoring cyclical factors)
Financial bailout of Northern Rock, RBS, Lloyds and other banks.(caused by Labour offering "light touch" control of the banks)
From 2011-2015, the pace of increase in the public sector debt has slowed due to the government attempts to reduce the budget deficit (Coalition government). The government has announced strict spending limits.
all from - www.economicshelp.org/blog/334/uk-economy/uk-national-debt/
Would it help if we translated it into Swaheli ???
Maybe pictures would help??
A few drawings, perhaps?
... perhaps if you took your socks off and used your toes to count?
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Re:Nurses would like more money please 6 Years, 7 Months ago
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Lets try one more time .....
In the late 1990s and early 2000s, the national debt dropped in relative terms, falling to 29% of GDP by 2002. In 1997, the Labour Government of Tony Blair had inherited a PSNCR of approximately £5 billion per annum, but by sticking to the parsimonious spending plans of the outgoing Conservative Government, this was gradually turned into a modest budget surplus. During the Spending Review of 2000, Labour began to pursue a looser fiscal policy, and by 2002 annual borrowing had reached £20 billion.
The national debt continued to increase, despite sustained economic growth, increasing to 37% of GDP in 2007. This was due to extra government borrowing, largely caused by increased spending on health, education, and social security benefits. Since 2008, when the British economy slowed sharply and fell into recession, the national debt has risen dramatically, mainly caused by increased spending on social security benefits, financial bailouts for banks, and a significant drop in receipts from stamp duty, corporate tax, and income tax.
all from en.wikipedia.org/wiki/United_Kingdom_nat...f_servicing_the_debt
so ...
1.national debt increased massively under the Labour government.
2. we have to service this debt (currently around £43 BILLION a year (more than the entire NHS wages bill).
3. we have to borrow to pay this interest (as incomings dont cover it)
- this extra borrowing is added to the National Debt.
hence - a massive increase in National Debt (all due to the last Labour government).
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Re:Nurses would like more money please 6 Years, 7 Months ago
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National Debt
- 1997... £355 billion, left by Tories
- 2010... £960 billion, left by Labour
- 2017... www.nationaldebtclock.co.uk ...increased by Tories
Verifiable facts; no cut and paste required...
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