Yahoo Answers is shutting down on 4 May 2021 (Eastern Time) and the Yahoo Answers website is now in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Where did the money go and who do we owe it to?
In light of the fact that this government,10 years ago, inherited a (modest) surplus of £10b and during the intervening time,have turned it into a debt of (I believe) in excess of £650b,is it not,near time we were told where this money has gone -whom it has been borrowed from- and the possible consequences of forclosure.
O.K.- we all know where the money went (well a lot of it anyway) but please address the issue of whom it was borrowed from and their possible attitude to default of repayment (it WILL have to be repayed, will it not?)
10 Answers
- Anonymous1 decade agoFavourite answer
Scroungers, war and all the extra civil servants taken on by this government. (not to mention all those kitchens being bought by MPs)
- 1 decade ago
Quite simply Incompetent and niaive politicians? Geedy and avaricious money men? A calculating and manipulative regime the EU- all three are to blame and added to this our nation's inward looking psyche, which focuses too much on self gratification, rather than the longer term picture and the brick wall that is rapidly moving towards our economy.
- Anonymous1 decade ago
It's hard to feel guilty for claiming under £60 a week dole when foreigners are coming over and claiming £30,000 a year and have never put anything into the pot in the first place !
- Anonymous1 decade ago
Dole scroungers;Propping up questionable regimes in Africa like Robert Mugabe,s,Propping up the European farmers surpluses!like the Italian wine market
- ootmaheidLv 51 decade ago
Let's not forget the foreign aid! Add it all up and we are like pigs in sh..
Nothing has improved, education has deteriorated NHS is a mess, we the backbone of the country get poorer by the day...Oh, I lied.....MP's salaries have improved considerably!
- Anonymous1 decade ago
Owed to the world bank. Each citizen's share of the debt is roughly $31k (don't know what that is in pounds or euros)
- AllBrokenUp247Lv 61 decade ago
It's all funny money, and has been for decades. To cover the "deficit", the usual solution will be to print more money and then blame the resulting inflation on "global factors".
- 1 decade ago
benefits, education (with no improvement) tackling crime (and failing) and of course two wars
- Anonymous1 decade ago
I ain't got it honest
