Monday 17 May 2010

How difficult is it to cut the national debt...

There is a finite amount of money than can be collected as tax and can be spent by the government. The government, over the past 13 years has got further and further into debt. Last year, our glorious leaders overspent by £163 BILLION pounds.

What could be done to cut this massive overspend?

1: Tell EU that we're cutting our subsidy dramatically.
Saving £6.4Billion in 2010/11
http://www.telegraph.co.uk/news/newstopics/politics/6073804/UKs-payments-to-EU-jump-by-60-per-cent.html

2: Slash the DFID budget.
Saving at least £9.1Billion as per 2009/10 figures.
http://webarchive.nationalarchives.gov.uk/+/http://www.dfid.gov.uk/Media-Room/News-Stories/2009/Budget-2009---keeping-our-promises-to-the-worlds-poorest-people/

3: Bailed out banks to repay Asset Protection Agency before handing out bonuses and dividends.
At least £4 Billion per year based on Lloyds repaying £2.5Billion last year and RBS turning a profit of 950Million and having to repay 700 Million each year as part of the APA deal.

4: Reduce NHS expenditure back to 07/08 Budget. £110Bn back to £90Billion.
Saving £20Billion.

5: Reduce Public sector jobs by 1/6. from 6million to 5 million. Mostly middle management paperpushers earning at least £30k p.a.
Saving £30 Billion
http://www.statistics.gov.uk/cci/nugget.asp?id=407

6: Increase Unemployment Benefit to take into account additional 1 million ex-public sector workers. Spending £7 Billion

7: Withdrawl from overseas wars and conflicts.
Saving £4.5Billion.
http://www.guardian.co.uk/world/2009/feb/13/afghanistan-iraq-bill-british-military

8: Create Special Economic Zone. 10% Flat Rate Corporation Tax for overseas companies. Any construction of premises to be carried out by existing British companies and hiring of workers to be British citizens only. No idea how much revenue this would generate, at a guess... Up from £46Bn in 2008 to £50Billion in 2010/11.
Increased revenue of £4Billion

The total difference would be £71.0 BILLION. Even with all the suggestions that i've outlined above, the government would still be overspending by almost £100 BILLION pounds per year!

However, where did all the money get spent? Spending pretty much remained the same compared to 08/09. The problem was that the government received less money via taxation than in previous years. A lot less. In 07/08 the government received £451 Billion. In 08/09, £439 Billion. A difference of £12 Billion.

In 2009/10 the revenue was £397 Billion. £54 BILLION less than in 2007/08.
http://www.hmrc.gov.uk/stats/tax_receipts/table1-2.pdf

How has the government managed to keep things going? It sold the future. It sold debt in return for paying interest. The government got a large injection of cash, but it will have to pay for it for 20, 50 or even 70 years. When I say the government, I mean the taxpayer.

So, we're in a very bad economic state. We, as taxpayers will be paying interest on the money the government has borrowed, while still spending beyond it's (our) means, and still not paying off the money that we already owe.

We need money to come into the country. We need to get money from other countries to flow into the UK. We need to build and export more goods worth at least £100 BILLION per year while cutting costs at home.

Tuesday 6 April 2010

A definition.

General Election -noun

A circus in which the people that do the work get to decide which thieving bastards are going to rip them off for the next five years.

from The Dictionary of DNTT

Cameroon promises to fight on behalf of the Great Ignored

Call-Me-Dave has pledged to fight this general election on behalf of the "Great Ignored".

Seen this morning standing above a large group of people, Cameroon appears to have found John Major's old soapbox.

Her Majesty plays it safe as Bruin visits Buck House

Jonah the Jinx has visited Buckingham Palace today to meet with Her Majesty, The Queen.

The monarch, knowing of Calamity Brown's ability to destroy everything that he touches, made sure that the fire brigade were close by.

An anonymous source said that Her Majesty appreciates that Jocko McRuin is a very unlucky person. He has the curse of Jonah.

The fire brigade were in attendance to ensure that a repeat of the Windsor Castle fire did not occur, nor that the palace was damaged again as it was by a fire in the West Terrace in 2002.

Thursday 1 April 2010

New Labour putting pressure on those that oppose?

Just a thought, but could it be that Sky has been told to sell it's premium services at wholesale prices for a political reason?

Has the Drowning-in-debt Street Politburo got a bit of busted nose over Murdoch's decision to support the tories? Has the very same politburo decided to give Murdoch a slap over his "defection"?

Friday 26 March 2010

Crisis? What crisis?

So said The Sun in 1979, in response to Callaghan's "I don't think other people in the world would share the view that there is mounting chaos".

Oh, but there was then, and there is now.

Thanks to a terrible mess under the watch of Labour in the 1970's, this country had to go on the beg to the IMF. We were bankrupt.

We still are.

Every government that I've been alive to see has borrowed more than it raised via taxation. How crap is that? Every single one of them has had money coming in from taxing the population yet still couldn't afford to keep its finances in check.

The Tories had to borrow, Old Labour had to borrow, but New Labour has taken this borrowing to a previously unheard of scale.

I am not paying for your mistakes Brown. Get the fuck out and take all of your red MPs with you. Oh, and by the way, those of you sitting on the opposition benches. Didn't put up much opposition did you? You may go too. Get out the lot of you!

Wednesday 24 March 2010

Budget Day..

Here comes the spin!

Will the Chancellor show up with a blackeye? Will Gordon have beaten it into him to give away yet more debt to satisfy the numpties in this country?

Labour. Get out!

Conservatives. Pull yer fingers out!

Liberal Democrats. Do not get into bed with Liebour!

Friday 12 March 2010

Arrogance, Ignorance & Greed.

The greedy pigs are getting away with it!

Baroness Uddin is not going to be charged with fraud.

This peer, this greedy, troughing, devious peer is not going to be charged by the police.

Uddin has claimed from the taxpayer in excess of £100,000 to maintain a second residence. This second home allowance for MPs and Peers is to give them somewhere to stay when in London when working on Parliamentary business. It is especially useful for those representatives that have constituencies a long way from London.

However, Baroness Uddin very rarely visits her second residence. According to reports, her neighbours do not see her using the home in Maidstone. The Baroness instead spends her time living in an apartment that was originally built to house people from impoverished backgrounds. The flat, owned by Spitalfields Housing Association, charges a very low rent in order that people on low incomes can afford somewhere to live.

Why, and how could a Baroness, herself a very wealthy individual get access to social housing? Could it be that there are several highly ranked officals within Spitalfields H.A. that have the surname "Uddin"?

According to the Spitalfields Website (http://www.spitalfieldsha.co.uk/staff_structure.html) the Vice-Chair of the Board of Management is Ala Uddin, Faruque Uddin is a Housing Officer, and Abdus Uddin is a the Assistant Maintenance Officer.

Why has she not been charged with fraud? It's a political reason. The people responsible for setting the rules about peer's expenses changed the rules so that peers can do whatever they like. Secondly, and the politically-correct, hand-wringing, bleeding heart liberals and socialists won't like this, it is because she is Muslim. Our glorious leaders don't want to see the first Muslim female peer be sent down for fraud.

The Crown Prosection Service has been lean't upon to ensure that the two million muslims within the United Kingdom don't get arsey at the criminal conviction of one of their own. New Labour needs those muslim votes, and it knows it.

New Liebour, rotten to the core.
Conservative, totally incompetent at opposing New Liebour.
Liberal Democrat, just another bunch of EU apologists.