The despair Of The British nation.

Thursday, 19 March 2009

UK Government Liability.



Jonathan Loynes, chief European economist at Capital Economics, said that borrowing is set to spiral further next year. "With the bulk of the impact of the economic downturn yet to be seen and growing signs of a structural black hole, borrowing looks set to surge towards £200 billion per annum next year," he said.

I would ask people to consider what £450,000,000,000 (four hundred and fifty thousand million) using the American one billion = one thousand million). Still here? Or shortened to Labour's UK debt Mountain, £4.5 Trillion! At the moment!





A trillion is a million million dollars.
One trillion dollars would stretch nearly from the earth to the sun.
It would take a military jet flying at the speed of sound, reeling out a roll of dollar bills behind it, 14 years before it reeled out one trillion dollar bills.
1 trillion seconds = 32,000 years (that’s approximately 30,000 years before Christ!)
4.5 trillion = 141,957 years.


Yet blithely on goes the Government so incapable of understanding the numbers. Another million here or there, peanuts. However if you look hard at these numbers, you can see a wheelbarrow future look more and more inevitable. Don't you think?
The year, 2011. The Labour Government promote a healthy way to shop!

These references add spice to the post!

http://www.ananova.com/news/story/sm_3244583.html?menu

http://www.johnredwoodsdiary.com/2009/03/19/john-redwoods-speech-during-the-opposition-day-debate-on-the-economy/

http://news.sky.com/skynews/Home/Business/British-International-Motor-Show-Cancelled-For-2010-Amid-Car-Industry-Slump/Article/200903315245015?lpos=Business_Carousel_Region_2&lid=ARTICLE_15245015_British_International_Motor_Show_Cancelled_For_2010_Amid_Car_Industry_Slump






3 comments:

Anonymous said...

I sort of followed these numbers but the effort of realising the scale of Brown's debt is very difficult. Perhaps he's relying on that fact?
I'm surprised he allowed the motor show to go belly up, surely a fraction of The G20 cost?

subrosa said...

The numbers are numbing but, as I read John Redwood's blog every day, they're possibly as accurate as anyone can make them. Scary.

Richard Jones said...

OR, to put things into perspective, even the hard left are just as hacked off at how Labour have destroyed the economy and are just as worried about the future as you are. And while I'm not hard left, and have never voted Labour, and never will, I'm still left-wing.

The economy's wrecked with this level of debt. Any ideas how we can bring criminal charges against Brown and co?