Submitted on Monday 16th November 2015
Published on Friday 20th November 2015
Current status: Closed
Closed: Friday 20th May 2016
Signatures: 8
Show us how “Your 2015 plans” will get us living within our means by 2020.
In 2010 George Osbourne set out plans to return public finances to a sustainable path by 2015 but instead he overspent Tax Revenue by £228 Bn per annum or £652 Mn every day or £68 per person per week. He sold assets, printed £175 Bn and borrowed £523 Bn, increasing our Debt by 55% to £1.48 Trillion
Clearly we cannot rely on what he says but he now claims he will have us living within our means by 2020 but again he will not supply details This year he increased spending by £11.4Bn with a deficit of around £229Bn Our debt is £22994 per person (£2320 more than Greece) If spending continues the same our debt by 2020 could be £34,000 PP with £21 PP PW interest and disaster must follow. In a lifetime Politicians have taken the “GREAT BRITISH EMPIRE” to “BRITAIN FACING BANKRUPTCY” See www.mrms.uk
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