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Lucas
Joined: 11 Sep 2012
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 Posted: Thu Dec 04, 2014 9:44 pm Post subject: Brits your country needs you to... |
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spend spend spend!
http://www.independent.co.uk/news/business/news/george-osbornes-deficit-reduction-plan-requires-unprecedented-binge-in-personal-borrowing-9904499.html
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The public will have to go on a £360bn borrowing binge to make George Osborne’s deficit reduction plans add up, an analysis by The Independent has found.
According to the small print in the latest report from the Office for Budget Responsibility (OBR), the public is forecast to add to its pile of unsecured lending, which includes credit card debt and bank overdrafts, by £360bn over the next five years.
If the public fails to spend, then growth would collapse and the Government’s deficit would be likely to start increasing again.
The £360bn figure represents a £41bn increase on the OBR’s forecasts just nine months ago and would take households’ unsecured lending, as a share of total household incomes, to a record 55 per cent by 2020. That would be well above even the pre-financial crisis unsecured debt ratio of 44 per cent. |
I'm going to help out by putting my TGI's on the card tonight.  |
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yodanole
Joined: 02 Mar 2003
Location: La Florida
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| Posted: Sun Jan 18, 2015 2:26 pm Post subject: |
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| They've been saying this about Japan for years. Maybe it's just an island thing .... |
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young_clinton
Joined: 09 Sep 2009
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| Posted: Wed Jan 21, 2015 6:20 pm Post subject: |
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| ........run off to Thailand and join the population of British louts already residing there, many of them teaching while drawing stipends possibly from the government. |
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