discoman:
del trotter:
Winseer:
I want our public services back - without pushing me for more taxes to do it.
The public services you are so keen to get back have been decimated by years of underspending by successive governments, nothing to do with the EU, as to not paying more tax, did you not hear the Chancellor say taxes will increase to fund the NHS as this is what the public want, how is that the fault of the EU?
If the reduction of EU and Non EU residents happen it will have less of a strain on the public ■■■■■ … immigration in higher than emigrating I believe at the last count, there were 150k more arriving than leaving … take older persons who arrive who contribute nothing to the public ■■■■■ but take out … that is rising …, it is time for all EU and Non EU to have to contribute to the public ■■■■■ Ie pay NI and income tax before any benefits are taken out … loads come over on ■■■■ poor pay and topped up by tax credits … free movement costs money … go to France as an expat and expect the same as you get from the UK.
The EU rebate was kept too small to avoid discontent over the decline of our public services. There’s always enough for the next installment to be paid to Brussels, but when it comes to “more money” for Transport/NHS/Social Care/Housing/Jobs/Roads and every other public concern under the sun… There is a limit to how much we can borrow before overseas would-be bond buyers - start getting cold feet about continuing to oversubscribe the next month’s fresh bond issue, which is all we have to fund out burgeoning budget deficit with.
Whist it makes sense to borrow more when rates are low - now that rates have bottomed out, and are now on an upward slope - surely now is the time to find other ways of funding that do not involve increased borrowing, or better still reduce it. The PSBR.
The ECB thinks it is a god among banks. It ain’t That’s the Chinese banking system, they who actually invented banking in the first place.!
The ECB buys up a lot of freshly-issued UK bonds, and one of the “punishments” possible to inflict over Britain doing a “Hard Brexit” - is that "The UK would not be able to borrow further on the cheap, because interest rates would rise sharply if the ECB so wished it.
In our favour though - is the fixed interest nature of the bond market. Once the amount is borrowed, the interest rate (as an absolute sum of interest) payable on those bonds - is fixed for the life of the bond.
That means if you borrow a trillion quid at say, 1% interest for a 10 year coupon maturity - then if interest rates rise to 5% two years later - then only fresh borrowings attract the 5% rate, not the trillion you’ve already borrowed. A sensible borrower would stop borrowing “new money” outright, to avoid that punitive 5% rate at all costs, and would string out the halfway-through 1% bonds - choosing NOT to pay them off “early”.
THIS is all we would have to do to facilitate a “Hard Brexit”. It won’t matter if the EU wants to charge us the earth, or attempts to raise our interest rates sharply. If we choose not to borrow any longer - we don’t pay Jacks hit of any rate rises - ever!
That means a UK “post Brexit” - is a UK that has seen the PSBR collapse then. We’d be living within our means, and would have the income from not one, but THREE “magic money trees” to choose from:
(1) The “Brexit DIvidend” - that money we no longer pay to Brussels… Is it £350m per week? - Probably not. very LIKELY not. I would put it conservatively “somewhere between £100m and £999m per week”.
Thus, £350m per week - actually looks a bit on the lower side of halfway - don’t it?
(2) The overseas aid budget. That is the money that currently goes towards things like Third World child prostitution, Developing countries space programmes, Third world dictator’s luxury items, huge amounts of administration fees, and a bit left over to keep some hapless third-world kids alive - just so they can perish from the next “humanitarian crisis” instead, which might be only a few weeks and months away after all the charity workers have long since departed. This budget is currently around £13billion per year - and we’re not allowed to spend any of that money on UK interests overseas neither!
(3) NATO contributions. NATO could and should have been wound down after the collapse of Communism, and Gorbachev being deposed. If we can’t afford to pay hard cash to irradicate Islamic Terrorism from the world any longer, then why-oh-why must we cough up funds for re-building a fresh new Iron Curtain - on OUR side of the border this time around■■? According to UK GOV - Britain’s contribution to NATO is defined as just over 10% of GDP… Britain’s GDP estimate for the current tax year 2018-19 is some 2 Trillion USD. That means our 10% quota - represents the biggest “Magic money tree” outside of America’s contribution to NATO… $200 BILLION per YEAR…
FFS We could build 200 super-sized A&E capable Hospitals all around the country - and fully fund each one to the tune of a cool billion quid apiece - out of ONE single year’s money “not paid to NATO” any longer…!
We don’t need protecting from “Russians”. We need protecting from our own bloody Bureaucrats! 
Alternatively, - we could have a look at Labour’s version of the Magic Money Tree - which only involves the “small beer” of chasing current taxpayers for “more taxes” instead.
It is a lot harder to raise money that has already been given away, than to raise money - by not dishing it out in the FIRST place.
Our government - ANY of our governments - could grab all three of the magic money trees that I envisage - that would cause exactly what harm to UK citizens of ANY background, other than working directly in those “industries” as it stands?
