How do you save £167,000,000,000

#1
I think we all know that nobody has said half of what needs to be done to actually sort this problem out, and I certainly do not believe that any of the (now 3?) contenders have either the moral courage or political will to address the issue.

Working on the Bob Hope principal:

Q. "How do you get to be worth $500 Million"

A. "Simple. You save $1 Million every year for 500 years"

it must be possible to make a few suggestions to help out Dave, Nick and Gordon save a few million here and there until it all adds up. It is clearly pointless sending these to any one important with the election looming; slagging off everyone else is currently far more important to all politicians.

I shall start.

I was first vetted over 20 years ago, and my vetting has never lapsed or been removed. Since leaving the army, I have applied for many jobs, some of which, including my current post, have required me to be vetted. I have now been vetted, at considerable expense, by no less than 4 different agencies. For all of them I have had to fill in exactly the same forms. Virtually all Ministries, most national agencies, 43 Home Office constabularies and god alone knows who else all run their own vetting departments, maintain their own records, have their own standards and probably do everything differently.

I don't know how much it would save, but standardising the whole system and putting it under control of one agency (the Security Service would seem to be the obvious choice) would be a small start. I have no issue with filling in the forms repeatedly, it is a good way to check details - and frankly I still don't think that they realise what they've done. It is the total lack of co-ordination, trust and communication that amazes me.

I am not surprised that the cops don't talk to each other, the information black hole - otherwise known as "Intelligence-led Policing" - which characterises their efforts is well known. I am, however, surprised that no-one in government is grown up enough to rationalise this system.

As an aside I am running at 2 CRB checks at the moment as well.

I reckon that we are now down to £166,500,000,000.

If we keep this up we will have the problem licked in time to tell Important People about it.
 
#2
Now there would be a simple solution, but as it involves the Goverment, this is where the problem lays it called common sense!

Stilts
 
#3
Simples - earn more spend less.

Also please remember this isn't 167 mill debt...this is 167 million borrowing per year....our debt is 890 million and rising. We keep going at this rate we'll be owing more than our income by 2015.
 
#4
Convert the two upper floors of the Palace of Westminster into bedrooms using EasyHotels/Formule 1 cassette modules and introduce PAYD in the restaurant. Scrap all MPs' allowances (they wouldn't need 2nd homes, taxi fares, meal allowances, etc). Apply duty in the bar to bring the prices up to a normal commercial level. Charge membership fees. Change their contract so that their salary is pro-rata to attendance, install a swipe-card system to confirm attendance.

Should put £150M+ back into the coffers each year.
 
#5
Sympathetic_Reaction said:
Simples - earn more spend less.

Also please remember this isn't 167 mill debt...this is 167 million borrowing per year....our debt is 890 million and rising. We keep going at this rate we'll be owing more than our income by 2015.
Billions, dear boy, billions - to the nines, not to the sixes

So if we get to save £167,500,000,000 each year, the whole lot will be clear by.
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ummmmmmmm............
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3790 AD.

Piece of Cake. Stick the beer in the fridge...
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Oooooooohhh Bugger!
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Compound Interest! We're all f*cked.
 
#7
There's a simpler solution.

Invade whoever we owe the money to and cancel the debt in one fell swoop.
 
#8
What's this nonsense about saving £167 billion.

The government doesn't have to 'save' a penny. It has something called taxation to tweak to increase income.

Next!
 
#10
putteesinmyhands said:
There's a simpler solution.

Invade whoever we owe the money to and cancel the debt in one fell swoop.
That sort of prefaces my question - would would be £167bn (or £870 bn) better off if we repaid it.
 

Andy_S

LE
Book Reviewer
#13
A good question: Who or what is this money owed to?

Most of it, is owed, presumably, to local financial institutions who don't count (they have been bailed out by government plenty of times already, and will need similar fixes in the futures, doubltessly).

If to foreign bankers (other than Americans) - this has been nailed down above with the invasion suggestion. Bankers come in all shapes, sizes and forms, but if we can't successfully invade, pillage and withdraw from, say, Switzerland and/or the Turks and Caicos Islands, then our Armed Forces must be in a right state. (Pull out from Afghan would have to precede this, of course, but what the hell is the point of being there? No loot in sight.)

If to international institutions a la the IMF and the World Bank - what do we have the SAS for? A few wet jobs here (all offcially deniable, of coure) a few computer hacks there (to wipe records), and this is sorted.

If to Americans: OK, we can't invade the Yanks, so we promise to pay it all back. One day.

By Gad, I do believe we have cracked it.
 
#14
Lower taxes - personal and corporate.

Dispense with ALL 'quangos'.

Withdraw from European Soviet Union.

Disband the BBC in entirety.

Reduce the number of MPs by at least 20%.

Disband the House of 'so-called' Lords and replace with NON POLITICAL appointees - appointed by Commission but ultimately by HM.

Reduce ALL benefits and make continued payments dependent upon work in the public sector - infrastructure, food production - less for the disabled and elderly.

Remove all economic asylum seekers.

Cease ALL payments for 'Overseas Aid and Development'.

Introduce draconian immigration measures.

- to start with.
 

the_boy_syrup

LE
Book Reviewer
#15
Stop handing money out overseas to countries richer than us I.E. China

Tell the rest "come and have a go if you think your hard enough"

Send Ray Winstone in to negotiate

"Look theres £890 Billion on the table if you think it's your take it"
"Oh look it's still there must be ours then"
 
#18
How to save £300 billion.

1. Crack down on tax-evasion and avoidance....£120 billion
2. Stop the war and get rid of Trident...............£130 billion
3. Scrap the ID card caper..............................£5 billion
4. Restore corporation tax to 1997 levels.........£18 billion
5. Tax the rich...............................................£27 billion

Savings? Around £300 billion. Eezeez, innit?

MsG
 
#19
Also please remember this isn't 167 Bill debt...this is 167 Billion borrowing per year....our debt is 890 Billion and rising. We keep going at this rate we'll be owing more than our income by 2015.

A very sensible question and arrse like the Political Party's has no solution other then extract the urine.
It's bothered me for some time and I do not believe that 890 Billion is the correct figure, on the low side I suspect.
I left school at 16 no higher education but I soon learned what debt is, two motorcycles bought on HP where my last play at that game.
All parties have run up debt but Labour in any of it's forms is always worse and as others on this board have said
The trouble with socialism is You soon run out of other peoples money.
And Gorden has done it Big Style.
Greek debt has just been downgraded and world stockmarkets have gone Tits UP.
It's just a matter of time before one of the Worlds leading Stockmarkets goes Tits and the outcome for that is unimaginable, for yes The London exchange will not be able to save us.
I have no solution, I doubt that Hard work and strict control of Government spending can save UK, mind you Hard work to Nue Labour's generation of born and breed waster is another concept.

john
 
#20
From John Redwood

National Security and social security

Posted at 8:18 am

"I once wrote that whilst the left in the media and politics endlessly run their scissors over the defence budget to look as if they wish to curb spending, the far larger social security budget gets ignored. Social security costs around five times as much as national security. The simple truth is the UK cannot afford to keep almost six million people of working age on benefit and out of work.

I would like there to be more debate about this issue in this eleciton. Last night in my public meeting in Burghfield I set out a five point plan for dealing with unacceptably high levels fo worklessness. I will repeat it here for a wider audience:

1. Control our borders, to stop illegal immigration and cut the numbers of economic migrants with the Conservative’s quota and cap system. More of the jobs we do create need to go to the unemployed already here.

2. Cut taxes on jobs. The Conservative plan to cut Labour’s National Insurance Tax hike, to cut the rate of Corporation Tax and small business tax, and to get rid of the damaging effects of tax legislation like IR 35 is a start. The more that can be done to make the UK tax competitive, the more firms will stay here, come here and grow here, with the benefit of more jobs.

3. Cut needless regulation. The box ticking form filling cultutre has gone too far. I am all in favour of controlling the solvency of financial institutions and demanding high standards of health and safety, but the UK is now regulated in a costly and unhelpful way, which puts people off creating jobs here. The Conservatives have adopted my proposal of setting regulatory budgets and requiring cuts each year in the costs government imposes.

4. Split up the banks the taxpayers own, and make them compete more for our busienss. Change the current regulatory requirements so the main banks can lend a bit more to UK business to kick start the private sector recovery we need.

5. Reform welfare, so it is more worthwhile to work, and so fit and able people cannot live on benefit if jobs are offered to them.

I am all in favouir of being as generous as possible to those with bad disabilities who cannot work. They are the minority within the 6 million of working age without a job. We need to get serious about creating more jobs. Labour’s pathetic recovery is jobless. Under Labour the private sector has been badly squeezed in the last three years. We need to change things."



john
 

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