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Where is the money coming from?

(104 Posts)
vampirequeen Wed 21-Jun-23 16:01:58

This is not a rerun of any previous Russia/Ukraine threads so please don't post about the pros/cons of the conflict etc.

According to the Metro the UK government is going to lend £2.5billion to the Ukraine. Just where is the money coming from? If we have a spare £2.5billion why isn't it being spent on education, social care, the NHS, housing etc. How can we have no money to spend on necessities in the UK yet we have vast amounts of money to loan to another country.

Ilovecheese Wed 21-Jun-23 16:36:06

It is a choice the Government are making. They can find money for anything that they want.

Shinamae Wed 21-Jun-23 16:38:50

I know, it beggars belief….🤦‍♀️

J52 Wed 21-Jun-23 16:43:52

The same place all the other wasted billions came from!

Riverwalk Wed 21-Jun-23 16:52:47

Unfortunately corruption is rife in Ukraine - I hope any reconstruction aid doesn't disappear into a black hole.

ronib Wed 21-Jun-23 17:09:58

City am writes that the UK’s involvement with Ukraine is £4.7 billion to date.
Rishi Sunak is in the whatever it takes camp to help Ukraine.

M0nica Wed 21-Jun-23 17:17:34

Ukraine is fighting WW3 for us. We should pay for our defence.

seadragon Wed 21-Jun-23 17:20:46

Riverwalk

Unfortunately corruption is rife in Ukraine - I hope any reconstruction aid doesn't disappear into a black hole.

Corruption is rife in the UK too, Riverwalk or has that escaped your notice? I'm with M0nica on this, having a degree in Russian Studies.......

Germanshepherdsmum Wed 21-Jun-23 17:21:34

As should other countries - is this a competition to see who can give the most?

GrannyGravy13 Wed 21-Jun-23 17:29:49

I agree with M0nica this is not just Ukraine’s war it is far more than that.

I only hope that the EU states continue to supply money and armaments with a view to brining the conflict to an end.

Franbern Wed 21-Jun-23 17:33:13

BUT....in them meanwhile.....back in UK, so many people suffering from notbeing able to access medical care, so many children going hungry, so many teaching staff and medical staff virtually being driven to the point to having breakdowns trying to cope with inadequare funding and resources.

Amazing how the magic money tree can shake its brances and shed billions of pounds for wars, butso little for domestic purposes.

Riverwalk Wed 21-Jun-23 17:33:22

seadragon

Riverwalk

Unfortunately corruption is rife in Ukraine - I hope any reconstruction aid doesn't disappear into a black hole.

Corruption is rife in the UK too, Riverwalk or has that escaped your notice? I'm with M0nica on this, having a degree in Russian Studies.......

I think it escaped your notice that I referred to reconstruction costs in Ukraine, not defence of.

M0nica Wed 21-Jun-23 17:40:47

it is the same thing. Ukraine has suffered immense damage to its infrastructure and will need help rebuilding itself to become a strong and prosperous country again. It is a bit like all the aid that came from the United States to Europe after WW2 because they knew that if Europe was to provide a strong bulwark against communism and Russia, it had to be politcally and economically strong

Bella23 Wed 21-Jun-23 18:20:34

M0nica

Ukraine is fighting WW3 for us. We should pay for our defence.

I'm with MOnica as well.
Yes, money could easily be used in Britain to improve a lot of people's lives. Money could be used by other countries to improve their country's infrastructure as well. We have to remember where Ukraine is and what they are fighting to hold back.
Would the Russians find occupying Ukraine enough? Or would they push across Europe?
As Monica says we are paying for our defence and maybe a lot of other countries who are slow with their contributions should remember and think about where they would be if Russia pushed on.
JFK said Ich bin ein Berliner"
I think we should all see the situation as if we were Ukranians.

MaizieD Wed 21-Jun-23 18:54:39

Franbern

BUT....in them meanwhile.....back in UK, so many people suffering from notbeing able to access medical care, so many children going hungry, so many teaching staff and medical staff virtually being driven to the point to having breakdowns trying to cope with inadequare funding and resources.

Amazing how the magic money tree can shake its brances and shed billions of pounds for wars, butso little for domestic purposes.

The reason it's not being spent in the UK is that the tories have an ideological objection to state spending. They believe in'small state' and leaving as much as possible to private enterprise. They are deliberately starving public services of funding.

They can 'find; the money for Ukraine because the government can create as much money as it pleases as we have a sovereign currency. It is also a (deservedly) popular cause in the UK so few people are going to object.

What people can be sure of is that it isn't going to come out of their, or their children and grandchildren's pockets. It's coming out of thin air, as all the nation's money does...

karmalady Wed 21-Jun-23 18:56:36

M0nica

Ukraine is fighting WW3 for us. We should pay for our defence.

well said Monica

fancythat Wed 21-Jun-23 19:03:14

Much as I might also question the 2 and a half billion, that is the cost of the NHS for 5 days.

Germanshepherdsmum Wed 21-Jun-23 19:07:18

M0nica

it is the same thing. Ukraine has suffered immense damage to its infrastructure and will need help rebuilding itself to become a strong and prosperous country again. It is a bit like all the aid that came from the United States to Europe after WW2 because they knew that if Europe was to provide a strong bulwark against communism and Russia, it had to be politcally and economically strong

We had to repay what we received under Marshal Aid. We honoured that debt. The final instalment was paid under Margaret Thatcher’s government. It wasn’t a gift, as our payments to Ukraine in cash and kind, seem to be.

Norah Wed 21-Jun-23 19:17:42

Germanshepherdsmum

M0nica

it is the same thing. Ukraine has suffered immense damage to its infrastructure and will need help rebuilding itself to become a strong and prosperous country again. It is a bit like all the aid that came from the United States to Europe after WW2 because they knew that if Europe was to provide a strong bulwark against communism and Russia, it had to be politcally and economically strong

We had to repay what we received under Marshal Aid. We honoured that debt. The final instalment was paid under Margaret Thatcher’s government. It wasn’t a gift, as our payments to Ukraine in cash and kind, seem to be.

True. As USA gave loans, they kept the war far from their shores. Lend lease payments from UK to USA finally ended in 2006.

This seems different, to me.

Wyllow3 Wed 21-Jun-23 19:23:15

Whichever way, it should not mean we decrease our aid budget - look whats happening in the Sudan etc - so easy to forget about Africa.

foxie48 Wed 21-Jun-23 19:39:47

I understand that the money we are pledging for reconstruction IS a loan, actually I think it should be a gift but clearly others do not. I always thank my lucky stars that I was born in the UK, OK it's not perfect but it is so much better than most of the other countries in the world. We may be an island but we are still part of the world and our safety and security, way of life is much better protected by helping those less fortunate than ourselves in other countries than pulling up the drawbridge!

Sparklefizz Wed 21-Jun-23 19:42:23

As Zelensky has said when he has repeatedly asked for weapons "We in Ukraine are doing the dying for you."

VioletSky Wed 21-Jun-23 19:47:45

Divided by every person in the country it's less than £40 each

I'm happy to donate that

GrannyGravy13 Wed 21-Jun-23 19:58:14

VioletSky

Divided by every person in the country it's less than £40 each

I'm happy to donate that

For once I agree with you VioletSky

VioletSky Wed 21-Jun-23 20:07:14

Do we have to have the "for once" lol