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[Bandit127]

That solution was actually advocated by someone from the CBI earlier today. "Simple, just print more money"

yep..no other known solution...but this will also cause some other problems.. :-/

Wilson's government tried it in the 70's IIRC. The 'other problems' involve inflation as the increased currency gets divided by the same nett value. The currency becomes worth less, inflation results...

[cem_devecioglu]

the worst things under crysis is that the blood in artery (this is money) stop circulating..and after the second worse happens..productions stop or cease..every single point controlling the money flow closes ..

but if you pump more blood (money) they will slowly turn back to normal..

After that you need to suck that money back slowly and increase the production..

[cem_devecioglu]

That solution was actually advocated by someone from the CBI earlier today. "Simple, just print more money"

yep..no other known solution...but this will also cause some other problems.. :-/

Wilson's government tried it in the 70's IIRC. The 'other problems' involve inflation as the increased currency gets divided by the same nett value. The currency becomes worth less, inflation results...

yep..thats inevitable..and you need to take back that money slowly..

[beemerdevil]

i have been saying for years, that the economy will pop.......so just for the record......TAKE NOTE.........you heard it here first

[waspy]

That is how much the current Government and Alistair Darling is to borrow up to 2010 to keep our Country afloat!!!

Just to remind us all it is:

[size=24]£118 BILLION[/size]

I am now speechless!!! Grrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr

Go, for God's sake and the rest of us, GO!!

EDIT:  I am still speechless after realising that the figure is as now shown above, not £180 Billion!   But each one of us will still "owe" as a citizen of the UK £3,000 EACH!!!

What would you have him do? Nothing, while we watch the inevitable wave of redundancies see ordinary families suffer?

No party politics here, I sincerely hope what he has done will mitigate some of it. Because it is ordinary people that cop the worst of it in times like this.

No, but who got us where we are now. Times were good so lets spend spend spend, instead of saving it for just the situation we're in now. Our dept was quite low, so they could've used the savings to pay off what we owe. I have no time for them

[Martin_1962]

Just scrap all of the big brother crap and use that money instead, I reckon that could free off 30 BN or so

[Lizzie_Zoom]

That is how much the current Government and Alistair Darling is to borrow up to 2010 to keep our Country afloat!!!

Just to remind us all it is:

[size=24]£118 BILLION[/size]

I am now speechless!!! Grrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr

Go, for God's sake and the rest of us, GO!!

EDIT:  I am still speechless after realising that the figure is as now shown above, not £180 Billion!   But each one of us will still "owe" as a citizen of the UK £3,000 EACH!!!

What would you have him do? Nothing, while we watch the inevitable wave of redundancies see ordinary families suffer?

No party politics here, I sincerely hope what he has done will mitigate some of it. Because it is ordinary people that cop the worst of it in times like this.

No, I don't expect anyone at the head of the Government to do nothing, but this is a tremendous gamble that commits this country, you, me and everyone else, to high taxes to pay it all back which will not  be accomplished until at least 2015.

We have all been complaining about high costs due to fuel taxation, yet this budget will see an increase on this tax, along with higher NI contributions, higher taxes on cigarettes and alcohol, etc, etc.  To knock off 2.5% on VAT does nothing to encourage people to spend, as lower fuel taxes would have done.

If this Government hadn't run the larder bare we would be in a better position now, although yes it would still have been very difficult!  This record rate of borrowing is "the highest since records began in modern times".  

If your business is struggling in the red it is no good chucking money at it without resolving the fundamental problems of that companies trading.  The country is like that company, which requires new ideas and incentives like massive public transport development and council house building, to provide jobs* and true income, not politicians borrowing more and more money to manipulate the situation, juggling the figues, without dealing with the fundamental problem. Running this country is costing too much in relation to how much it earns.  That is simple accountancy and needs now strong fiscal management of the highest order.  Not just "buying" for time.

As for the USA and it's bail out figures they cannot be compared to ours as their economy involves 300 million people against our 61 million, and they have the World's largest economy measured in many Trillions  of dollars, with ours fast slipping from forth place!

My opinion yes, but Labour Governments are historically renowned for over spending and over borrowing, so they ARE doing it all over again, which last time in 1979 Maggie Thatcher had to sort out!

*PS Before anyone corrects me I know £3 billion is going to be made available for public transport development, extra motorway building and house development!  Sorry but that is peanuts, as alone a high speed rail line from London to the North that could provide jobs in the construction, but importantly jobs to the North, with the need for more housing, will alone require at least £2 billion to build!

[Nickbat]

In a nutshell, the government borrows £118billion and injects it into the economy now. This, it is hoped, will stimulate economic activity thus boosting tax income meaning that the receipts to the treasury will increase to repay the amount borrowed.

If the government, no matter what 'colour' it is, does nothing the country will descend further into recession thus seeing tax revenue dwindle further and necessitate further borrowing at a later date.

This is a calculated gamble to boost the economy and hopefully preserve jobs in the short term. No doubt, there will be pain further down the road but only when the economy is strong enough to withstand it.

Historically, governments have been too slow to react to recessions and this is a proportionate response to a massive global problem. If this proves successful, we could even see an early move to Stirling thus seeing the value of the pound strengthen.

I never thought I would say it but, it appears that Gordon and his bunch of morons appear to have at least understood the problem and have taken a sensible approach to remedying it.

Well, yes and no, really.

It all very well and good doing things to stimulate the economy. They got that bit right (but, then again, you don't need two GSCEs to figure that one out).

The problem is that they have already indicated that the money will not come from government savings (like scrapping SPECs camera rollouts, the ID card, the NHS central computer, and so on), but will come from increased taxes down the line. So, in a nutshell, they are saying to people, please go out and spend and get the economy going....and we'll bill you for it as soon as things get back to normal.

That doesn't instill consumer confidence, which is the one thing that is lacking. Once that returns, we'll be back on track. Gordon and his fellow dopes are playing party politics with our finances, not getting to the heart of the problem which lies in low consumer confidence coupled with excessive government spending.  

[waspy]

That is how much the current Government and Alistair Darling is to borrow up to 2010 to keep our Country afloat!!!

Just to remind us all it is:

[size=24]£118 BILLION[/size]

I am now speechless!!! Grrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr

Go, for God's sake and the rest of us, GO!!

EDIT:  I am still speechless after realising that the figure is as now shown above, not £180 Billion!   But each one of us will still "owe" as a citizen of the UK £3,000 EACH!!!

What would you have him do? Nothing, while we watch the inevitable wave of redundancies see ordinary families suffer?

No party politics here, I sincerely hope what he has done will mitigate some of it. Because it is ordinary people that cop the worst of it in times like this.

No, I don't expect anyone at the head of the Government to do nothing, but this is a tremendous gamble that commits this country, you, me and everyone else, to high taxes to pay it all back which will not  be accomplished until at least 2015.

We have all been complaining about high costs due to fuel taxation, yet this budget will see an increase on this tax, along with higher NI contributions, higher taxes on cigarettes and alcohol, etc, etc.  To knock off 2.5% on VAT does nothing to encourage people to spend, as lower fuel taxes would have done.

If this Government hadn't run the larder bare we would be in a better position now, although yes it would still have been very difficult!  This record rate of borrowing is "the highest since records began in modern times".  

If your business is struggling in the red it is no good chucking money at it without resolving the fundamental problems of that companies trading.  The country is like that company, which requires new ideas and incentives like massive public transport development and council house building, to provide jobs and trueincome, not politicians borrowing more and more money to manipulate the situation, juggling the figues, without dealing with the fundamental problem. Running this country is costing too much in relation to how much it earns.  That is simple accountancy and needs now strong fiscal management of the highest order.  Not just "buying" for time.

As for the USA and it's bail out figures they cannot be compared to ours as their economy involves 300 million people against our 61 million, and they have the World's largest economy measured in many Trillions  of dollars, with ours fast slipping from forth place!

My opinion yes, but Labour Governments are historically renowned for over spending and over borrowing, so they ARE doing it all over again, which last time in 1979 Maggie Thatcher had to sort out!

Lizzie for Chancellor

[Field Marshal Dr. Opti]

It will be more than £118 000 000 000 in my opinion Lizzie.

This is to assume that we have some growth at the end of 2009, and significant growth in 2010, 2011. I doubt we will get any significant growth of that order during this time.

The tax take is going to be much lower than the Government suggest for these years. Unemployment could still be rising for a long time, which will me less people paying in and more benefits being payed out......little tax take from stamp duty because the housing market is dead. In pretty short order the Government will have to downplay future growth figures.

Who knows where it will all end.  

And to top it all Lizzie you are going to have to pay 45% on your earnings from now on

[Lizzie_Zoom]

It will be more than £118 000 000 000 in my opinion Lizzie.

This is to assume that we have some growth at the end of 2009, and significant growth in 2010, 2011. I doubt we will get any significant growth of that order during this time.

The tax take is going to be much lower than the Government suggest for these years. Unemployment could still be rising for a long time, which will me less people paying in and more benefits being payed out......little tax take from stamp duty because the housing market is dead. In pretty short order the Government will have to downplay future growth figures.

Who knows where it will all end.  

And to top it all Lizzie you are going to have to pay 45% on your earnings from now on

Yes, I think you are right.  Now I have studied the figures my original figure of £180bn was nearer the mark, although still too low, as I have now calculated a total borrowing of £196,000,000,000 over the next two years.

YES that is[size=24] £196 Billion [/size]that must be paid back, and the financial experts have already stated that the economy alone will not be right until 2015.

..........and the advantage is that VAT has been reduced by 2.5%.......equivilant to about £300 on a £16,000 car or 42p on an electrical kettle!!  

It would be worth me losing 45% in Income Tax if it was spent wisely, but we KNOW it is going to be all wasted on my civil servants!

[Lizzie_Zoom]

That is how much the current Government and Alistair Darling is to borrow up to 2010 to keep our Country afloat!!!

Just to remind us all it is:

[size=24]£118 BILLION[/size]

I am now speechless!!! Grrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr

Go, for God's sake and the rest of us, GO!!

EDIT:  I am still speechless after realising that the figure is as now shown above, not £180 Billion!   But each one of us will still "owe" as a citizen of the UK £3,000 EACH!!!

What would you have him do? Nothing, while we watch the inevitable wave of redundancies see ordinary families suffer?

No party politics here, I sincerely hope what he has done will mitigate some of it. Because it is ordinary people that cop the worst of it in times like this.

No, I don't expect anyone at the head of the Government to do nothing, but this is a tremendous gamble that commits this country, you, me and everyone else, to high taxes to pay it all back which will not  be accomplished until at least 2015.

We have all been complaining about high costs due to fuel taxation, yet this budget will see an increase on this tax, along with higher NI contributions, higher taxes on cigarettes and alcohol, etc, etc.  To knock off 2.5% on VAT does nothing to encourage people to spend, as lower fuel taxes would have done.

If this Government hadn't run the larder bare we would be in a better position now, although yes it would still have been very difficult!  This record rate of borrowing is "the highest since records began in modern times".  

If your business is struggling in the red it is no good chucking money at it without resolving the fundamental problems of that companies trading.  The country is like that company, which requires new ideas and incentives like massive public transport development and council house building, to provide jobs and trueincome, not politicians borrowing more and more money to manipulate the situation, juggling the figues, without dealing with the fundamental problem. Running this country is costing too much in relation to how much it earns.  That is simple accountancy and needs now strong fiscal management of the highest order.  Not just "buying" for time.

As for the USA and it's bail out figures they cannot be compared to ours as their economy involves 300 million people against our 61 million, and they have the World's largest economy measured in many Trillions  of dollars, with ours fast slipping from forth place!

My opinion yes, but Labour Governments are historically renowned for over spending and over borrowing, so they ARE doing it all over again, which last time in 1979 Maggie Thatcher had to sort out!

Lizzie for Chancellor

Well you know I think I could do a far better job; how could I be worse?!!

[Field Marshal Dr. Opti]

Actually Lizzie £196 Billion sounds a lot less than .......take a deep breath Optimist...One hundred and ninety six thousand million pounds.....sounds much more impressive ...don't you think.

[Lizzie_Zoom]

Actually Lizzie £196 Billion sounds a lot less than .......take a deep breath Optimist...One hundred and ninety six thousand million pounds.....sounds much more impressive ...don't you think.

You aren't a politician by any chance Optimist?

[Marks DTM Calib]

This is a joke.....they have borrowed stupid amounts upto now and spent it on inefficient things like the NHS etc.....

Now hes borrowing a stupid amount in order to try buy votes and a vain hope that it might stop the rot.

Well, its to late. The rot is here and in these times people dont go out and spend, the save. So it will make bugger all difference other than run up more debt for all us poor folk.

Incompitent is the only word for it.

And when ever I see him, why is it think of Black adder and have a sudden urge to put immac on his eye brows.