ARmy Rumour SErvice

Can't seem to afford our pensions though.

Originally Posted by donmac

Georgie Osborne was doing a bit of housework and lo and behold he's found £10 Billion down the back of the sofa. What does he do with it? Read on:

BBC News - UK offers £10bn loan to the IMF

Stolen with no shame from another website. An explanation as to why it isn't as mad as it first appears.

"Say I have a £500,000 house with a £200,000 mortgage, and can just about service the mortgage. A relative needs an emergency loan of £50,000, which we can raise against the mortgage, pay 3% and lend to the relative at 4.5%.

So we do have £50,000 to spare."

Could be worse, we could be gifting them it.

"It says its contribution to the IMF is not public spending. All UK loans to the IMF are financed from the UK's Official Reserves, remain UK assets and do not contribute to public sector net debt."

So who owns the UK then? Is it me or is that just dodging the point!

Can't we for once look after our own first? I assume we're still printing money.

So we are skint cuts all over the place and we can find a spare ten billion to lend is the Govenment totally mad.
Charity begins at home I do not give a flying fu@k about any other country going tits up UK plc should come first.
When is this Govenment going to grow a set of balls and say NO enough is enough.

Originally Posted by longlivethequeen

So we are skint cuts all over the place and we can find a spare ten billion to lend is the Govenment totally mad.

No, the government is lending at a profit, it's making money.

Originally Posted by old_n_fat

Stolen with no shame from another website
"

By whom?

Any interest he makes after he's finished baling out the Euro will be offset by the amount paid out in benefits to those being made redundant by his taxation policies.
I've always voted Conservative but not for much longer.