Britain is clocking up debt at a rate of £6,017 per second as the Government struggles to balance the books. With tax receipts plummeting because of the recession, state borrowing grew by £16.1 billion last month — almost twice the entire budget for the 2012 Olympics.
Net borrowing for the first five months of the financial year stood at £65.3 billion, compared with £26.1 billion at the same stage last year. Total borrowing soared past the £800 billion mark for the first time and total state debt as a proportion of national output reached 57.5 per cent.
Just to pay the interest on its ballooning debts the Government must find more than £30 billion a year — about £500 for every man, woman and child in the country.
Showing posts with label LONDON ECONOMY. Show all posts
Showing posts with label LONDON ECONOMY. Show all posts
LONDON IS THE CAPITAL OF AN 800 BILLION DOLLAR DEBT
FROM THE TIMES
ILLEGAL ALIENS STRUGGLE IN LONDON TOWNE
ILLEGAL ALIENS STRUGGLE IN LONDON TOWNE - BUT OTHER ILLEGAL ALIENS FIND SATISFACTION THROUGH LOOPHOLE
WILD WEST ALCOHOL CULTURE IN LONDON TOWNE
FROM EXPAT EXPOSED FORUMS
Oh help there is a problem with binge drinking here in the UK especially in the under 25's juts like here in the UK we have our fair share of rapists, pedophiles and murderers. We also have a £ that is falling faster than the temperatures this winter and the economy is going down the toilet bowl. Woolworths is closing, MFI has gone, Adams Kids Clothing is going and it loooks like Comet will be going as well. Debenhmas is tettering on the edge and we have all tightened our belts well except for the Boxing Day sales as there were great bargains - even up to 90% off in some stores but mainly 70% off. Coldest winter for years - they are talking about minus 3 here in London next week and in parts of Scotland is predicted to be minus 15 overnight - great way to see in the New Year. Now there could be a loss of gas from Russia as the Ukraine and Russia are in dispute and the gas comes through the Ukraine. All of you who are in New Zealand are lucky you cashed in when the houses were worth more than they have ever been and when sterling was strong. Don't come back to the UK at present as the economy is terrible well unless you want to wait a couple of years and then cash in on the housing market as prices are dropping all the time and those new builds are stopping as there is no way anyone can get a mortgage espcially first time buyers. Whinge as much as you like as you are all better off in New Zealand or go to Australia where the banks are strong and the financial system hasn't crashed. Happy New Year to you all from a cold London. Oh good news I work for a doctor and my partner works in a school so at least we have jobs pity about the 23,000 who will lose their jobs at Woolworths in the New Year. All of you please grin and bear it as it can't be worse than here in chilly, cheerless Britain. Mind you Northern Ireland is starting to thrive tahnks to the 21.5% VAT in the South and the 15% Vat we now have - thanks Gordon Brown I needed to save those few pence on my £35 top when you dropped the VAT down from 17.5% pity I couldn't afford a Jaguar as I would have saved a bomb - and the falling pound makes the Euro worth much more that the Irish are going to Newry and spending madly. In fact Newry has turned into a giant car park. So Happy New Year you lucky ex pats as New Zealand is a palace compared with here which is grey and gloomy and cold.
Oh help there is a problem with binge drinking here in the UK especially in the under 25's juts like here in the UK we have our fair share of rapists, pedophiles and murderers. We also have a £ that is falling faster than the temperatures this winter and the economy is going down the toilet bowl. Woolworths is closing, MFI has gone, Adams Kids Clothing is going and it loooks like Comet will be going as well. Debenhmas is tettering on the edge and we have all tightened our belts well except for the Boxing Day sales as there were great bargains - even up to 90% off in some stores but mainly 70% off. Coldest winter for years - they are talking about minus 3 here in London next week and in parts of Scotland is predicted to be minus 15 overnight - great way to see in the New Year. Now there could be a loss of gas from Russia as the Ukraine and Russia are in dispute and the gas comes through the Ukraine. All of you who are in New Zealand are lucky you cashed in when the houses were worth more than they have ever been and when sterling was strong. Don't come back to the UK at present as the economy is terrible well unless you want to wait a couple of years and then cash in on the housing market as prices are dropping all the time and those new builds are stopping as there is no way anyone can get a mortgage espcially first time buyers. Whinge as much as you like as you are all better off in New Zealand or go to Australia where the banks are strong and the financial system hasn't crashed. Happy New Year to you all from a cold London. Oh good news I work for a doctor and my partner works in a school so at least we have jobs pity about the 23,000 who will lose their jobs at Woolworths in the New Year. All of you please grin and bear it as it can't be worse than here in chilly, cheerless Britain. Mind you Northern Ireland is starting to thrive tahnks to the 21.5% VAT in the South and the 15% Vat we now have - thanks Gordon Brown I needed to save those few pence on my £35 top when you dropped the VAT down from 17.5% pity I couldn't afford a Jaguar as I would have saved a bomb - and the falling pound makes the Euro worth much more that the Irish are going to Newry and spending madly. In fact Newry has turned into a giant car park. So Happy New Year you lucky ex pats as New Zealand is a palace compared with here which is grey and gloomy and cold.
THE INCONVENIENT TRUTH ABOUT LONDON TOWNE'S ELDERLY
FROM STOOLY
The elderly that walk alone in the streets buy their own food after they have struggled the whole morning to get there and back and those who spend Christmas alone because nobody cares anymore are all overLondon
The elderly that walk alone in the streets buy their own food after they have struggled the whole morning to get there and back and those who spend Christmas alone because nobody cares anymore are all over
LONDON OR BUST
Question: What has Europe's eighth biggest economy, 77 floodlit artificial football pitches and the world's most ethnically diverse population? Another clue: if you own a house in this place, it's worth nearly twice the national average for homes in Britain.
The answer, if you haven't already guessed, is London. If it were a country, the capital would rank above Sweden in terms of economic power; within a couple of years it will have overtaken Switzerland.
BY 2003, THE LONDON ECONOMY WILL HAVE OVERCOME SWITZERLAND?
DID THE OBSERVER ARTICLE'S AUTHORS' PREDICTION EVER COME TRUE?
THE TROOF IS OUT THERE.
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