Brown’s debt beats what it cost to win the war!
Tax Payers’ Alliance research shows World War l defeat of Kaiser bill was cheaper than Brown’s debt mountain.
Total Debt increase 1914 – 1919 (2007 value): £255,106,544,018
Total Debt planned 2008/09 – 2013/14 (PBR): £512,000,000,000
“It is staggering that the Government plans to take on more than double the debt we needed to win the First World War. This avalanche of debt will place a massive burden on the shoulders of ordinary families for years to come. Alistair Darling’s refusal to make the public sector share the pain of recession by cutting out wasteful spending will cost all of us dearly.” – Matthew Elliot, Chief Executive of the Tax Payers’ Alliance
It took 41 years to finish paying off our WWll debts, we gave up trying to pay up on WWl debts, how many years (decades) of debt have Brown and Darling plunged us into?
Quite incredibly Labour were not keen on debating yesterday’s ‘emergency budget’ in the House of Commons but have been forced into a debate by Conservative Shadow Chancellor George Osborne after discovering that the Treasury had originally planned to raise VAT to 18.5% after the thirteen month rate cut.
I find it astonishing that any government can think that they can get away with introducing tax and duty rises without at least the approval of Parliament, it’s one of the most basic of reasons why we elect them – “no taxation without representation!”
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It really does beggar belief, doesn’t it?
Lord Elvis of Paisley
November 25, 2008 at 9:48 pm
Another point worth of mention is the fact that the ‘world order’ actually changed after the 2nd World War. This country was so indebted to the USA that it managed to steal a march on us, increasing its influences in the Middle East and so on. As a consequence, it became a major world power, not simply militarily, but financially. Now so many countries, the UK, the USA and so on are in debt to other countries, which means that we could well see the world order change again. The USA used our debt as leverage in the past and there is nothing to pre-suppose that those that we owe money to now, will not do the same. In my view, the fact that our country has been ‘sold’ to another, is treason and if my memory serves me correctly, hanging is still on the statute books for treason.
UK Voter
November 27, 2008 at 6:21 pm