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Economic Efforts Expected
TOPIC: Economic Efforts Expected
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Economic Efforts Expected 3 Years, 10 Months ago
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With the government now paying the wages of 10 million people - and with worrying key indicators - firm and urgent action is required.
Both the National Debt and GDP decline - have hit levels never seen before, even during war time. And it took the UK 60 years to redeem its war debt.
Likely actions are a public sector pay freeze, increased taxation and a cancellation of large projects - with austerity. Maybe even the postponement of Brexit.
Taxation revenues will decrease dramatically in line with GDP - and although the virus may be beaten - it's time for a long economic battle.
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Re:Economic Efforts Expected 3 Years, 10 Months ago
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Barney wrote:
With the government now paying the wages of 10 million people - and with worrying key indicators - firm and urgent action is required.
Both the National Debt and GDP decline - have hit levels never seen before, even during war time. And it took the UK 60 years to redeem its war debt.
Likely actions are a public sector pay freeze, increased taxation and a cancellation of large projects - with austerity. Maybe even the postponement of Brexit.
Taxation revenues will decrease dramatically in line with GDP - and although the virus may be beaten - it's time for a long economic battle.
Maybe, but I suspect it is all too late Barney.
Brexit will go through because it is political and about careers. Same with how they have and are dealing with the Covid situation.
The country is fucked for the forseeable.
But I intend to continue to enjoy life as much as I can; my conscience safe in the knowledge that I voted remain, and in my tiny non-celeb way have been giving my opinion about the utter lunatic folly of the lockdown since the start...
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Re:Economic Efforts Expected 3 Years, 10 Months ago
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Barney wrote:
With the government now paying the wages of 10 million people - and with worrying key indicators - firm and urgent action is required.
Both the National Debt and GDP decline - have hit levels never seen before, even during war time. And it took the UK 60 years to redeem its war debt.
Likely actions are a public sector pay freeze, increased taxation and a cancellation of large projects - with austerity. Maybe even the postponement of Brexit.
Taxation revenues will decrease dramatically in line with GDP - and although the virus may be beaten - it's time for a long economic battle.
It's just been announced that our new borrowing now exceeds 100% of GDP - for the first time in 60 years.
£100 billion was borrowed in the 2 months to May - and the National Debt is now more than £2 trillion.
We have now taken on twice as much debt as 2008/2009 - and more will be needed. £350 billion, in total?
Triple lock/pensions are certainly about to go, for a start!
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Re:Economic Efforts Expected 3 Years, 10 Months ago
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Not my bag!
Usually I just give facts and try to make a point.
In the hope I'm disputed - if I'm wrong.
Or better still - if someone takes a different stance...
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