ITK - I see Carillion is getting a socialised bailout of £148m.
Capitalism is great isn't it? If you fail as a multi national company, the government is always there to bail you out.
If you are a person though, they don't want to know!

In The Know wrote:
hedda wrote:
Of course you need vision not the small corner shop economics of vision less Tories.

Have we paid off the money borrowed to bail out British Leyland yet (just to keep the Loonies' paymasters, the Unions, happy)
... you know, the British Leyland that we eventually had to sell-off for £1 !!!

.... the organisation was drastically restructured and the Labour Government created a new holding company, British Leyland Limited (BL), of which it was the major shareholder, effectively nationalising the company. Between 1975 and 1980, these shares were vested in the National Enterprise Board which had responsibility for managing this investment. The company went BUST !

Silent Minority wrote:
There was also a budget surplus during the first four years of Blair's New Labour (1997-2001).

Because ...in order to get elected ... Labour had had to promise to stick to Tory spending plans -
www.independent.co.uk/news/labour-to-ple...-freeze-1284156.html

Labour has never had a deficit since then ! (which is why we continue to pay billions in interest payment each and every year - with no end currently in sight).

Labour has had many deficits since then, but not nearly as many as the Tories. No surplus from them, for decades.

But we're only paying interest on the Labour's borrowing, and not the Tories! What claptrap.

Still you agreed with silent's assertion than the government is currently running a surplus!!!

In The Know (right again) wrote:
Labour has never had a surplus since then ! (which is why we continue to pay billions in interest payment each and every year - with no end currently in sight).

The current budget deficit, or surplus, is the difference between the government's everyday expenses and its revenues; in other words, between what it spends and what it receives. In recent years, it has spent a lot more than it receives, so we are used to hearing about a budget deficit.

But if the government spends less than it receives, then of course it would run a budget surplus. This may seem a strange concept in today's economic climate, but between 1998 and 2001 we had four straight years of surplus. In fact, there was a surplus every year between 1947 and 1974.

Both the government and opposition are pledging to return the current budget to surplus in the next Parliament.

And there is a direct link between the current budget and debt. If the government runs a deficit, it is effectively overspending and, therefore, in most cases adding to the overall pile of debt. By running a surplus, the government can chip away at this pile.

all from - www.bbc.co.uk/news/business-25944653

In The Know (as always !) wrote:
If the government runs a deficit, it is effectively overspending


Which the Conservatives have seen doing for a long time, including the past eight years.


In this short period, our country's borrowings have more than doubled.


To a level fast approaching two trillion pounds, £2,000,000,000,000.

Sarah Myers wrote:
In The Know (as always !) wrote:
If the government runs a deficit, it is effectively overspending


Which the Conservatives have seen doing for a long time, including the past eight years.


In this short period, our country's borrowings have more than doubled.


To a level fast approaching two trillion pounds, £2,000,000,000,000.

S Pee has had a sex change !!!!

(He thinks that posting the same rubbish over and over again, under different names, people will start to believe it !)

IF you are having to borrow each and every month(because you income doesn't cover it) - to pay off the debts left by the last (Labour) government, of course your total debt will go up !!!

In The Know wrote:
Sarah Myers wrote:
In The Know (as always !) wrote:
If the government runs a deficit, it is effectively overspending


Which the Conservatives have seen doing for a long time, including the past eight years.


In this short period, our country's borrowings have more than doubled.


To a level fast approaching two trillion pounds, £2,000,000,000,000.

S Pee has had a sex change !!!!

(He thinks that posting the same rubbish over and over again, under different names, people will start to believe it !)

IF you are having to borrow each and every month(because you income doesn't cover it) - to pay off the debts left by the last (Labour) government, of course your total debt will go up !!!


When I tried to make the same observation a few days ago it wasn't added to the thread!
Badgers spring to mind...😂

In The Know wrote:
Sarah Myers wrote:
In The Know (as always !) wrote:
If the government runs a deficit, it is effectively overspending


Which the Conservatives have seen doing for a long time, including the past eight years.


In this short period, our country's borrowings have more than doubled.


To a level fast approaching two trillion pounds, £2,000,000,000,000.

S Pee has had a sex change !!!!

(He thinks that posting the same rubbish over and over again, under different names, people will start to believe it !)

IF you are having to borrow each and every month(because you income doesn't cover it) - to pay off the debts left by the last (Labour) government, of course your total debt will go up !!!

That sounds like a loan shark situation.

World Cup went underway without any problems. ITK was wrong again.

Sarah Myers wrote:
In The Know (as always !) wrote:
If the government runs a deficit, it is effectively overspending


Which the Conservatives have seen doing for a long time, including the past eight years.


In this short period, our country's borrowings have more than doubled.


To a level fast approaching two trillion pounds, £2,000,000,000,000.



Are my facts incorrect then?



We haven't had a Tory deficit for half a century, or a doubling of our debt in only the last 8 years of their tenure?



I bow to those who tell me I'm wrong.



Because Reuter/FT/OBR/Government/Labour/Tory sites, and others, confirm it.

In The Know wrote:

IF you are having to borrow each and every month(because you income doesn't cover it) - to pay off the debts left by the last (Labour) government, of course your total debt will go up !!!


Your income point is true. But successful governments will take measures to balance the books, like most of us when necessary.

The Tories just can't manage fiscal balance and have had, by far, the most budget deficits since the war.

But it is morbidly perverse to completely ignore the substantial debts left by so many conservative governments.

Just like saying Major didn't leave the biggest debt ever seen then. Or that Northern Ireland shouldn't be mentioned, because of the rope May has tied.

DUP get £1 billion to support May, each year. Major left a debt of about half a billion! But just continue to ignore the facts.

Do you believe your doctor?

half a trillion*

So easy to confirm, or pretend it never happened

honey!oh sugar sugar. wrote:
In The Know wrote:
Sarah Myers wrote:
In The Know (as always !) wrote:
If the government runs a deficit, it is effectively overspending


Which the Conservatives have seen doing for a long time, including the past eight years.


In this short period, our country's borrowings have more than doubled.


To a level fast approaching two trillion pounds, £2,000,000,000,000.

S Pee has had a sex change !!!!

(He thinks that posting the same rubbish over and over again, under different names, people will start to believe it !)

IF you are having to borrow each and every month(because you income doesn't cover it) - to pay off the debts left by the last (Labour) government, of course your total debt will go up !!!

That sounds like a loan shark situation.

Given the important situation for Jonathan at this moment,you would have hoped the tedious and repetitive forum troll would have at least had the respect not to start up again during these times.
Does make you wonder what name they will invent next?

Yes, it's much easier to ignore.

When incapable of disputing.

Please google the level of debt Major left in 1997 {£500 billion}.


And compare it to what the conservatives have increased it to now (£2,000 billion).


If that's wrong, fine.


Show us why, when and timeline.

Your figures are broadly correct, particularly when inflation is allowed for.

I have posted similar ones about our nation's spiralling debt, but nobody else will quote alternative figures to disagree.

Except to 'lol', etc. When in government, over 40 times in the last 70 years, the conservatives have had only 5 budget surpluses.

Seemingly people are comfortable posting inaccurate economic data here, and are happy to get away with this rubbish because few bother to complain/argue.

One poster actually posted recently, unable to decipher a Telegraph link, that the current government was running a budget surplus.

Another poster agreed!

He's talking to his trans-gender alter ego now .... LOL !

No wonder he is "confused" !

Barney wrote:
When in government, over 40 times in the last 70 years, the conservatives have had only 5 budget surpluses.

One poster actually posted recently, unable to decipher a Telegraph link, that the current government was running a budget surplus.

Another poster agreed!

You were the 'another' who agreed with silent poster. Still confusion and lol, for you!


John Major's government left a half billion debt, but you are incapable of even confirming it.


Let alone, arguing the background. Enjoy tonight's game, and if you don't like the score - lol and ignore it.

Barney wrote:
Barney wrote:
When in government, over 40 times in the last 70 years, the conservatives have had only 5 budget surpluses.

One poster actually posted recently, unable to decipher a Telegraph link, that the current government was running a budget surplus.

Another poster agreed!

You were the 'another' who agreed with silent poster. Still confusion and lol, for you!


John Major's government left a half billion debt, but you are incapable of even confirming it.


Let alone, arguing the background. Enjoy tonight's game, and if you don't like the score - lol and ignore it.

At least John was a good shag.

Apart from banging Edwina over the desk, did he actually do anything?