BREXIT - A REAL ECONOMIC FACT.

BREXIT – A REAL ECONOMIC FACT.

 

We hear a lot about the economic argument from government departments and independent bodies for the UK remaining a member of the EU.

The reality of the matter is that as a member of the EU the UK’s NATIONAL DEBT is £1.7tn., that is £1,700,000,000,000, over £27,000 for every man, woman and child and over £47,000 for every tax-payer, and it is currently increasing at the rate of £5,170 per second.

This debt has been accumulated by successive governments over the last 20 years, while a member of the EU, with the most significant increase being over the last 10 years, in 2005 it was £0.5tn. and at the end of 2015 it was £1.6tn.

 

The country is paying £48bn. per. year, that is approx 8% of what the government collects in taxes, just to service that debt, paying interest and charges, and that is set to increase to £50bn. per year by the year 2020. No wonder that the bankers and financiers do very nicely out of the UK while it is in this position.

 

The reality is that there is no way that the UK is going to be able to reduce the National Debt, and the amounts that we pay to service it, as a member of the EU. It will continue to increase, as we continue to run a government deficit and a trade deficit, and reach a point where we are unable to service the debt and need a bail out or face bankruptcy.

 

When the Government runs up huge debts we are the ones that have to shoulder the burden. We need to reduce their spending on imports and increase our manufacturing for our own consumption to give ourselves a chance.

 

James Hancock.

 

A Good Common Man.

 

( Because of what happens when “good men do nothing“ Edmund Burke)

  (E) jh.r@btinternet.com 

( Ref: DE62352)

THE REAL COST OF GOVERNMENT POLICY.

THE REAL COST OF GOVERNMENT POLICY

We are told that the Government has no money of its own and therefore it is spending our money on our behalf. Therefore I would have thought that politicians had a responsibility to use taxpayer’s money to the benefit of the people of Britain and not just to further their own careers and ambitions. For every pound of taxpayer’s money that they spend abroad there is a knock on effect in Britain. This may be in the form of redundancies, company closures, loss of income tax receipts, payment of benefits, loss of skilled jobs, loss of genuine apprenticeship opportunities, the affect on communities, increased borrowing etc.

The Government should not be spending hundreds of millions of pounds of taxpayer’s money abroad, or on foreign manufactured goods, and then telling British business people to get on planes and go and find their own orders for their products. If the British Government are not prepared to purchase and use British manufactured goods and services, why should they expect other people to do so?. They should be the shop windows of the nation to the rest of the world. They should not need to be told this, as they should already be working for the best interests of the people who elected them and whom they are supposed to serve and protect.

Before any Government contract, or order, is signed for the purchase of goods or services from outside Britain, a “REAL COST ANALYSIS”should be produced to support the decision and only when there is no genuine cost effective alternative should it be authorised.

The Government should use its powers to reduce tax avoidance and through tax breaks and other incentives, encourage long term investment in British manufacturing, rather than keep pursuing foreign investment and ownership. It would encourage new and existing companies to manufacture more for the home market, providing much needed jobs and reduce our increasing dependency on imports.

 

James Hancock

A Good Common Man

( Because of what happens when “good men do nothing” Edmund Burke)