Sunday 27 May 2018

Hand's Off Until Debt Covered

Somehow, after a decade of severe austerity measures, the UK's debt is double what it was before the 2008 financial crisis but the UK Government are on top of it because they intend to force open a charity fund which was set up in 1928 by an anonymous benefactor on the condition that it must stay untouched until it had grown enough to pay off the national debt.
The amount donated 90 years ago was £500,000 and today stands at £475 million but as the UK debt currently sits at £1.7 trillion, someone with much better maths skills than i has worked out it represents just 0.06 percent of the country’s total debt.
Amidst the sound of goal posts being scraped along the ground, the Attorney General is interpreting the instructions of 'pay off the national debt' to mean 'put it towards paying off the national debt'.
To access the fund the Government will need approval from the High Court who i hope will tell Theresa May and her awful cronies to take a hike and leave it until as the benefactor wished, there was enough to payoff the total debt.
So leave it alone and let it build more interest to cover the whole amount but if you really are that hard up after your disastrous decade in power, use it to build a hospital or a school and if you are so broke because you can't run an economy properly, you could save £133 billion tomorrow by scrapping the useless Trident Nuclear missile system and a further £100 million a year by telling the Monarchy to stop scrounging off us and pay their own way.
There you go, problem solved. Economics really isn't that hard.

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