Bugsy Posted December 23, 2011 Share Posted December 23, 2011 UK borrowing for last month was less than expected at only 18.5 billion. Doesn't look much when its written like that but it calculates roughly as £297 for every man woman and child in the UK (based on population of 62,300,000) Taking an average family of four at the same ratio to government borrowing equates to that family having to borrow £1,188.00 per month just to stay afloat. I can't help thinking that someone has got it terribly wrong. Its not just the UK, of course, all these western nations are the same, more or less. System is f!$%ed. . Link to comment Share on other sites More sharing options...
Théière Posted December 23, 2011 Share Posted December 23, 2011 Yes something to thank economists, accountants and bankers for, everywhere.Makes you wonder how much China has to lend? Once we have all their money and we default we should be able to bring them down or we'll end up going to war which generally helps with the unemployment figures.Merry Christmas everyone [blink] Link to comment Share on other sites More sharing options...
Chancer Posted December 23, 2011 Share Posted December 23, 2011 Do you really mean having to borrow (an additional) £1188 every month or carry forward a debt of £1188 every month? - in all probability increasing.If its the latter then using the family as a comparison its a drop in the ocean compared to the average mortgage debt, no idea how much that is these days, £100K perhaps, plus car loans, finance, credit cards etc. Now all the family has to worry about is providing shelter, warmth and food, the government has infrastructure, healthcare, retirement and paying all the non workers etc to name but a few.If it is indeed the former then its a truly shocking figure, we have all probably at one time in our life seen someone living beyond their means (usually on credit cards and/or remortgaging) and unless its a temporary thing perhaps between jobs they dont usually manage to sustain the living on debt for very long and the fall when it comes is a very hard one indeed. Link to comment Share on other sites More sharing options...
pachapapa Posted December 23, 2011 Share Posted December 23, 2011 But not as deep in the sh*te as the frogs.[:)]For the first time 10 year gilts nudged below 2%.Merry Christmas dwarf.[IMG]http://av.r.ftdata.co.uk/files/2011/12/UK-10-year-gilt-Dec-23-2011-Reuters.jpg[/IMG][:D][:D][:D]François Baroin, Christian Noyer, François Fillon are you watching? Link to comment Share on other sites More sharing options...
Bugsy Posted December 23, 2011 Author Share Posted December 23, 2011 [quote user="Chancer"]Do you really mean having to borrow (an additional) £1188 every month or carry forward a debt of £1188 every month? - in all probability increasing.If its the latter then using the family as a comparison its a drop in the ocean compared to the average mortgage debt, no idea how much that is these days, £100K perhaps, plus car loans, finance, credit cards etc. Now all the family has to worry about is providing shelter, warmth and food, the government has infrastructure, healthcare, retirement and paying all the non workers etc to name but a few.If it is indeed the former then its a truly shocking figure, we have all probably at one time in our life seen someone living beyond their means (usually on credit cards and/or remortgaging) and unless its a temporary thing perhaps between jobs they dont usually manage to sustain the living on debt for very long and the fall when it comes is a very hard one indeed.[/quote]I meant the former and yes, it is shocking.. Link to comment Share on other sites More sharing options...
Chancer Posted December 23, 2011 Share Posted December 23, 2011 My flabber is ghasted [:-))]Thanks for the confirmation, shocking has to be an understatement. Link to comment Share on other sites More sharing options...
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