Billions of pounds

I don’t understand! If that’s the case, why have we been through a horrible recession because we needed to find the money that apparently the Labour Party used up?

Because the tories were bl**dy LYING to us.

It's a good lie because it enabled them to cut public spending (with the disastrous results we're seeing in the NHS now) and sell off as much as they possibly could to private enterprises (their donors).

It also meant that the economy took much longer to come out of recession than it needed to have done because cuts to public spending meant there was less money circulating. People employed in public services lost their jobs, private firms which supplied public services (and everything used in a public service is bought from private enterprises) lost customers (therefore losing money).Less money, smaller economy...

Ultimately, it really doesn't matter where the money comes from, state or private. It's the fact that it's there and circulating in the economy that is important.

Here's one economist's take on 'austerity'

mainlymacro.blogspot.com/2020/04/ 'Who still thinks austerity was a good idea?'

It's going to be paid for with increased taxation when this is eventually over.
No, they haven't been sitting on huge sums of money, the last Labour government left us pretty much bankrupt ? Which is why we had to have austerity measures ?

Even though its costing much more to buy all extra cleaning items& raising water bills(&heating water) all extra costs for the elderly,&disabled too.and families relying on working tax credits.

You ladies have all missed something underhanded which has gone on under our noses for years.

The Government quietly introduced two pension hikes to affect women born after 1953 that went unopposed because no one outside of Parliament knew what they were doing!

For me, not getting my pension in 2014 and having to wait to November 2020, has lost me £48k worth of pension that I would have received had I retired aged 60!

Now multiply £48k by the estimated 3.8 million women similarly affected,and you can see that the Government withheld our pensions (paid in good faith by us AND by our employers) in the name of "equality"!

In an Express article By JON ROGERS, dated 16:42, Sun, Jun 11, 2017 the following report:

Claims George Osborne that the pension changes would “deliver dignity in retirement” have been thrown into doubt after newly unearthed footage reveals the former Chancellor might have had other motives.

“The new system means that, at last, people will have certainty in what they can expect from the state in old age and for many women and the self-employed, it will be more generous.”
NOT IF THEY DON’T INFORM YOU HOW THEY CHANGED IT!

He added: “These changes you see today are what a modern, compassionate Conservative government is all about.
LAUGHABLE – WHAT COMPASSION? IT’S ABOUT SAVING MONEY!

“They are absolutely enormous savings and they enable you to go on providing a decent retirement income. So you’re not necessarily reducing the entitlement of people who are retired you’re just increasing the age when that entitlement kicks in.”

“I’ve found it one of the less controversial things we’ve done and probably saved more money than anything else we’ve done.”
THEY HOPED THAT WE WOULD DIE BEFORE WE WERE ABLE TO CLAIM OUR PENSIONS.

And there was Theresa saying that there was not a money tree....

I think there is a giant money tree in the garden of 11 Downing Street - the question is how do I get a cutting??

World monetary system and you!

It's going to be paid for with increased taxation when this is eventually over.
No, they haven't been sitting on huge sums of money, the last Labour government left us pretty much bankrupt ? Which is why we had to have austerity measures

Sometimes I lose the will to live.

Here is the tory lie in action...

Try reading the link I posted earlier.

mainlymacro.blogspot.com/2020/04/

Considering the billions of pounds, dollars, Euros etc that every country seems to owe another country, who knows?
Where does the billions that the UK hand out to other countries in aid come from? It's all numbers and I was never very good at Maths!

I'm sure there will be Bonds, etc when when (let's hope) all this is over.

At the moment its fire fighting so how can anyone get too hot up about the money being repaid? One job at a time...

They print some more.Is economics a science or an art? no one knows,The whole money thing is a racket designed to install fear and greed in humans.There are Trillions of dollars slushing around in offshore funds,zillions hidden under beds ,in safes,and thats not including the dosh from crime! makes you think eh!

For what it’s worth- if the government spent more on mass testing the we could all get back to work and there would be no need for handouts!

Perhaps we could all google introductory trainings in economics? Nations aren’t the same as households, that is where the line the conservatives have said is wrong. If you create money it goes around and around, and as long as it circulates, people get paid for doing / producing. The only lost dead money is that in property because it isn’t creating anything, although if landlords spend their rental income that creates wealth for others. The only way out of a recession is to spend, as they discovered in the 30s. Yes, I am married to an economist and have some training in economics many moons ago. Good on the government I say...

The country/government was always going on and on about how difficult things were in the U.K. before we had this pandemic and we needed to tighten our belts. All of a sudden thousands are without employment many now having to resort to benefits. The government have been doing wonders it seems they are pulling money out of everywhere.
My daughter a full time worker and still in work said to me just goes to show what money is available when they want to start giving it out.

Perhaps they planted a forest of magic money trees?

Before the corona virus outbreak the world was heading towards a massive financial crash. a crash that would put 2008 into insignificance. The virus has come at a strangely coincidentally useful time for the leaders of countries to blame it for the coming massive financial crisis. But the corona virus has nothing to do with the financial crash which was speeding towards us before the outbreak of the virus. The virus provides a wonderful cover and excuse.

While we are shut down in our homes, small and medium businesses are closing never to reopen. When we do become free of the lock down the world will be different. Not because of the virus, as we shall be led to believe, but because of the new financial world that will be created so that by 2030 people will live under the kind of controls now seen in China where face recognition cameras are the norm and people's movements are watched. We will accept it because we were so frightened by corona virus. But it will be linked to the new financial control which will eventually cover the world.

The financial crisis is going to be far greater than the corona virus in hitting people. Governments knew it was coming.

Everyone needs to understand what western finance has been doing for the last 30 or 40 years. Read Nicholas Shaxson "The finance Curse" available on Amazon, essential reading according to Yanis Varoufakis.

For a better understanding of what is soon to come see on YouTube the interview with Ernst Wolff. In German but with English subtitles. I am hoping the English translation of his recent book will soon be available:
youtu.be/8LYjOEib9iI

I read somewhere a few weeks ago now, that government was drawing on money reserved for another war. Have not seen it mentioned recently.

It’s the money they have stolen off of over 60’s and not given them their pensions.

Well having read through I’m actually none the wiser as to where billions of pounds has suddenly become available from seeing as we were supposedly ‘on our uppers’ six months ago and more savings needed to be made by the world and his wife.
I’m glad I asked though.

Think the country will be bankrupt and possibly a global recession - will be repercussions for years

Lulu16 ; Perhaps they did plant a forest of magic money tree; hopefully they are on the way to plant one at my house, I have one request when this is over I want to buy a nice little cottage near the seaside. Surely no too much to ask.

It really is frightening like nothing we have ever known before. Really hits home when your son's friend dies in hospital.

The financial fall out doesn't bear thinking about. The economy will take some time to recover and I fear for people's lively hoods. My son and daughter-in-law are in farming. They are currently working day and night as lambing and calving are in full swing. I fear for their future and all those farmers in the same position. If there is no market for these animals, they still have to feed the regardles.. All these poor farmers who supply the hotel and catering business and are having to tip there milk away.

We did not finish paying back WW2 loans till 2006.....

That's just a lie the Tories spun to convince everyone to vote them in. Everyone praised Gordon Brown for his response to the Global Financial Crisis by bailing out the banks to the tune of over £500 billion through Quantitive Easing and in fact the Tories voted for him to do that. The economy was actually recovering under Labour because of it. Then after the election in 2010 the Tories were able to persuade the LibDems to form a coalition so they could take over in government. The LibDem who was appointed to be the Chief Secretary to the Treasury then published the joke letter (a tradition started in 1964 when Reginald Maudling left a similarly worded one for James Callaghan) that Liam Byrne left for him to feed the lie that Labour had left no money so they could implement austerity measures to "pay it back". Of course it was the poorest that ended up paying for the mistakes of bad lending by the banks instead of the banks themselves.

It's curious how when Labour proposed £85 billion of spending to improve funding for the NHS, schools and other public services that everyone was told there's no money again and tlBoris promised more than that with his election pledges which he conveniently didn't cost and both Sajid Javid and Rishi Sunak who worked for the banks that caused the crash before becoming MPs managed to come up with bigger spending plans/the Covid19 bailout to the tune of over £330 billion when there's apparently no money again isn't it? Also under the Tories the National Debt had more than doubled to over £2 trillion by December compared to what was left by Labour. Putting less money in people's pockets means they have less to spend and therefore less to pay taxes like VAT, fuel, tobacco and alcohol duty on so less goes back into the coffers and the economy shrinks causing a recession.

We will be saving billions of pounds once the payments to the EU stop. In addition I think we should cut foreign aid, paying India millions to help out then they fire a nuclear missile! It's time to look after our own and provide them with everything they need for once.