Good news? Bad news? Or just news? Good news? Bad news? Or just news? - Page 3
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  1. #21

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    Quote Originally Posted by Old Greg View Post
    This should be entertaining.

    What was the bankruptcy process that the UK was on the brink of?
    You tell me your the one that brought up the word process, I only suggested that no money and massively in debt kinda HINTS at bankruptcy.

    But then again reading was never your strong point was it. Get back to your safe space and hug another tree

  2. #22

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    Quote Originally Posted by Yorkie62 View Post
    You tell me your the one that brought up the word process, I only suggested that no money and massively in debt kinda HINTS at bankruptcy.

    But then again reading was never your strong point was it. Get back to your safe space and hug another tree

    So, are the HINTS now a lot stronger since the country is further in debt and doesn't have any money, or is that not the case?
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  3. #23

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    Quote Originally Posted by scooterscot View Post
    It becomes bankruptcy when you can no longer make payments, maintain cashflow, just like any business.
    It’s very different to any business. Primarily the ability of governments to raise income through taxes, and to print money if they need to.

    Was the UK ever on the verge of no longer being able to make payments, or to maintain cash flow?

  4. #24

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    Quote Originally Posted by WTFH View Post
    So, are the HINTS now a lot stronger since the country is further in debt and doesn't have any money, or is that not the case?
    I assume you are more than happy to claim that the garden will be full of Roses and the national debt rising at a much slower rate under Jeremy Corbyn's leadership.

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  5. #25

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    Quote Originally Posted by Old Greg View Post
    a) the UK wasn't on the brink of bankruptcy in 2010 if that is what you mean
    b) national debt is now much higher
    Well of course national debt is much higher now - nowhere does it say we have stopped borrowing and are now paying off the debt.

    All this article is about is that each year we now increase the debt less.

    Was there something confusing which meant you thought someone had said the debt had been reduced?

  6. #26

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    Quote Originally Posted by Yorkie62 View Post
    I assume you are more than happy to claim that the garden will be full of Roses and the national debt rising at a much slower rate under Jeremy Corbyn's leadership.

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    I don’t think anyone’s saying that at all.

    However, isn’t it reasonable to say that if Labour presided over a debt increase of 0.5 trillion and posters are holding them responsible for that, then if the Tories presided over a debt increase of twice that then we should also hold the Tories responsible for that?

    Wouldn’t that be consistent?

  7. #27

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    Quote Originally Posted by meridian View Post
    I don’t think anyone’s saying that at all.

    However, isn’t it reasonable to say that if Labour presided over a debt increase of 0.5 trillion and posters are holding them responsible for that, then if the Tories presided over a debt increase of twice that then we should also hold the Tories responsible for that?

    Wouldn’t that be consistent?
    So you are saying that neither Labour nor the Conservatives, and possibly the Liberals as they are partly responsible when in coalition with the Conservatives are fit to govern the country. How exactly would you have govern the country out of interest.

  8. #28

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    Quote Originally Posted by meridian View Post
    Lol, always somebody else’s fault...

    Nearly 10 years of Tory and Tory-led government and it’s still Labour....
    And your point is?

    If you break the fundamental basis of your economy, and kick off a regime that establishes committed 20-year debts and guarantees your interest payments will outstrip your earnings, it's going to take a long time to get back to where you were before the wrecking crew did their thing.

    A drop in net borrowing is a good measure of progress in the right direction, unlike headline PR like unemployment rates
    Blog? What blog...?

  9. #29

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    Quote Originally Posted by original PM View Post
    Well of course national debt is much higher now - nowhere does it say we have stopped borrowing and are now paying off the debt.

    All this article is about is that each year we now increase the debt less.

    Was there something confusing which meant you thought someone had said the debt had been reduced?
    I was replying to a statement about bankruptcy.

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  10. #30

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    Quote Originally Posted by Yorkie62 View Post
    You tell me your the one that brought up the word process, I only suggested that no money and massively in debt kinda HINTS at bankruptcy.

    But then again reading was never your strong point was it. Get back to your safe space and hug another tree
    Bankruptcy process is an essential part of bankruptcy. I brought it up because you are an idiot and needed some basic explanation.

    The context of the note you reference hinted at constraints in public spending, not bankruptcy. If you understood bankruptcy process, within the context of a sovereign nation with its own currency, you would understand this.
    Quote Originally Posted by Bean
    I admit that I'm a lazy lying cretin, but so what?
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