Budget 2009 in figures

Discussion in 'Current Affairs, News and Analysis' started by whitecity, Apr 19, 2009.

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  1. £173Bn on Benefits...

    That says alot.
  2. I'm no economist, but those figures do not look too healthy :cry:

  3. Socialism inevitably ends when they run out of other peoples money...

    From those figures that time is fast approaching.
  4. We're going to the IMF. It's the fecking 1970's again :x
  5. Health and Education spending COMBINED isn't much more than Benefits spending in its entirety..... That's disgraceful.

    I wonder if they class all the "back to work" education schemes and their Ilk under the Education budget rather than Benefits?
  6. More to the point, spending on welfare is greater than receipts from income tax and spending on health is greater than NI contributions!

    OK, it's just a manipulation of the statistics, but the working class can no longer support the welfare class.
  7. Do these figures really mean anything anyway? The borrowing figures that the Chancellor quoted for the last budget were revised straospherically upwards almost as soon as he'd finished speaking. As a result the PSBR was recalculated to be an astronomical £78 billion. Yet the latest figures from the Office of National Statistics show that at the end of February, a month in which the Government borrowed £9 billion, the running total for 11 months had already reached £75.2 billion. The true borrowing figure for the last FY is more likely to be nearer £90 billion.

    Add that level of debt to the fact that the Government can't even seem to sell gilts anymore and we really are in trouble.
  8. It's funny to see Corporations tax so low, no wonder Gordon and his gang are actually starting to look at the whole tax avoidance and tax havens, especially since the UK are in charge of most of these places.
  9. I'm not sure how the IFS squares the projected debt continuing to rise at the same rate from 2011-2014 when they expect the budget deficit to halve over the same period.
  10. Maybe this will help. http://www.ifs.org.uk/bns/bn83.pdf

    Alternatively, maybe they haven't got a clue what they're talking about. :)
  11. Next you'll be telling me the banks didn't know what they were doing... :wink:
  12. And heres me thinking that to reduce debt you have to earn more than you spend... doesn't seem to apply to government.
  13. No, the banks knew perfectly well what they were doing. They just deluded themselves to the risk involved.

    So, have you decided whether there is some merit in the IFS data or are they talking out of their ARRSE?
  14. The wonderful thing about all of this is who is liable.
    Yup, its us taxpayers. So we get the least from the system but must spend the next 20 years not only paying for the system put paying off the debts of mis-adventure.
    The whole mess has been massively mis-managed by government and now we must pay.
    I'm not entirely convinced I want to spend the rest of my working life paying for this mess. Depending on what the next 18 months or so brings to this country will dictate wether I stay or not.
    Now, the big problem is that there are hundreds of thousands more just like me. If we all jump ship the hole in the country's finances will get bigger. When will government realise they can only rape so much money from the nett contibutors before they all say enough and bugger off to greener pastures?