Bankrupt Britain ... will the last one out pleae turn the lights off

Simon

Blair's legacy, apart from the Iraq debacle and the ban on fox-hunting that never was (because the hunts still go on), is to make Britain bankrupt by spending all the money we had, wasting all the windfalls that came along and setting things up so that there is massive liability for the future.

I think it's just a matter of time before this all hits the fan and people wake up to what is going on. Brown will never get to be PM in my opinion. What a mess they have made of the country.

http://www.thisismoney.co.uk/retirement/article.html?in_article_id=405021&in_page_id=6

SWALKER

It's already being said that America will soon become a third world country! Guess we're facing the same thing as you guys...it doesn't look good!

Swalker

City Fan

I heard on the radio this morning that the NHS is over £1 billion in debt, while the cost of administration of the NHS has increased by the same amount since 2001.

What happened to all those billions the government got from the 3G phone license sell-off? Everyone in this country is up to their eyeballs in debt anyway. We simply can't afford £30,000 for public sector pensions. So much for Gordon Brown's 'prudent' budgets!

Qcmbr

I've felt for a long time as though the UK financial success story of the last few years was on the back of two things:

1/ Rising house prices allowing people to take on more debt and pump that into the economy
2/ The govt. selling off parts of Britains Public Sector.

Over the last few years they have also caused much of the pension crisis by having the windfall tax on pension funds, increasing the red tape that surrounds pensions and stifling the financial industry - the lifeblood of the UK economy IMO.

I've worked for the Inland Revenue and the financial waste is mind boggling. This will all come home to roost. I won't be getting a pension worth speaking about from the govt but nor do I wish to put funds into pension funds since I have lost trust in the pension industry (I don't think they have much real hope in meeting their commitments) so I'm making my own provisions for old age:

1/ Aiming for the home I'll grow old in to be totally paid for.
2/ Planning to have a couple of businesses to provide for me when I'm old.
3/ Savings.

The next thing to buckle will be the NHS with all the old people increases - I'll be taking private medical health when I hit my 50s.

Golf

So, isn't the good old USA! They are trillions in debt with no light at the end of the tunnel.

Golf

Dansk

Well, I don't really understand these things, which is probably the same as 90% of the country (and why so much money is wasted)!

What I do know is that successive governments are always blaming preceding ones while they struggle to put the present situation in order. What is also always totally evident is that one never sees a poor politician!

Ian