@SimonNott@chrisgambler247 I see your logic but disagree. I feel we’re looking at a very low turnout. Your serious Labour or Conservative voter will not turnout to vote for a joke candidate in a protest vote.
@2147mill Not financial advice just life advice from some that’s made it through property…I’m only responding because I like your posts. “The hardest thing to do when building wealth is nothing 😀”.
1/the UK can never go bankrupt in its own currency
2/the debt are the private sector net savings.
3/The debt doesn’t fuel inflation, the interest paid on it can, but that is a policy choice.
4/To run a country as if it were a business would be incredibly destructive.
This is just pathetic nonsense. The UK can’t run out of £, it issues £, it can never go bust. Ever. The people saying that a currency issuing monetary sovereign faces bankruptcy need to be re-educated and stop believing in idiotic lies about money.
Allow me to cheer you up with the top lines from Oxford Economics and their look ahead to 2026:
“Prospects for the private sector remain poor, consumers face a sharp slowdown in real income growth in 2026…the jobless rate will rise further....GDP growth of 1 per cent.”
£34 billion.
That’s how much the rise in Universal Credit and disability benefits will cost us by 2030 – equal to every penny of income tax from Scotland, Wales, Northern Ireland, the North East and Lincolnshire.
Sir Charlie Mayfield’s review is excellent, but unless the Government acts quickly, we won’t return to 2019 levels of long-term sickness claimants until 2078.
Britain doesn’t have decades to wait.