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Where is the money coming from?

(105 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.

ronib Mon 26-Jun-23 08:19:52

Monica one bit of me thinks that if we insist on getting involved in the territorial disputes of other countries then we need to be aware of the consequences. The UK is now considered a legitimate target of the Russian government - so rather than avoid WW3 it feels as if we have given ourselves an open invitation.
Since we will never get to the truth of territorial disputes, I would rather the role of honest broker between the two sides rather than a clear ‘friend’ to one. Bit late for that now ….

M0nica Mon 26-Jun-23 07:50:42

Diamond Lily Your remarks remind me of the poem
that starts
First they came for the Communists
And I did not speak out
Because I was not a Communist

and ends with
Then they came for me
And there was no one left
To speak out for me

The Ukraines are the first front in WW3. The war there is as much our war as theirs.

You say 'I'd prefer that any money was spent helping people in this country, before other countries.'

That is exactly what is being done. The defence of Ukraine is the defence of Western Europe and, while we may have Brexited, we are still partof Western Europe.

VioletSky Sun 25-Jun-23 13:23:35

People are people everywhere

We left the EU now we must continue to invest in good relationships with other countries more than ever

When that generally boils down to putting a stop to those bent on war, eradicating disease and feeding and housing people... We may very well need those protections ourselves in the future

maddyone Sun 25-Jun-23 10:53:52

DiamondLily

I’d prefer that any money was spent helping people in this country

Apart from the very wise saying that no man is an island entire of itself by John Donne, I would ask if you are unaware of the huge amount given to every household in the country towards our energy bills this last winter, or the cost of living payments made to every pensioner household this last winter, or the disability cost of living payments made to disabled persons, or the £300 x three cost of living payments to low income households? This last week a further £150 was paid to every household on benefits (not pensioners, except possibly pensioner credit recipients) The entirety of the payments is listed on the GOV.UK site and is entitled Cost of Living Payments 2023 to 2024. You should take a look and see just how much has been spent in this country, and all this on top of the most generous furlough scheme in the world during Covid.

Of course we should continue to support Ukraine. We should not be selfish.

Dickens Sun 25-Jun-23 09:47:22

DiamondLily

I'd prefer that any money was spent helping people in this country, before other countries.

But, we have always found money for other people's conflicts, so I don't suppose it'll change.

Politicians love to grandstand on the world stage....🙄

I'd prefer that any money was spent helping people in this country, before other countries.

That rather implies that you think the economy is run like a household budget - "the money" is not sitting in a pot or in a bank account, available to be spent on 'something.

Apart from anything else, most nations have a commitment towards aid for events like natural disasters and war. We are expected to contribute.

Funding of social and health services is not dependent on whether or not we contribute towards these events - it's purely ideological.

DiamondLily Sun 25-Jun-23 09:10:07

I'd prefer that any money was spent helping people in this country, before other countries.

But, we have always found money for other people's conflicts, so I don't suppose it'll change.

Politicians love to grandstand on the world stage....🙄

Philippa111 Fri 23-Jun-23 22:03:44

And yes it should be given freely, not be a loan.

Philippa111 Fri 23-Jun-23 22:02:23

Yes, I agree with Monica and Foxie48.

This is not just about us 'giving' money to Ukraine. Ukraine is fighting not just for their own sovereignty but for democracy.

The world is divided into areas ruled by dictatorships/despots with almost no personal freedoms or rights and other areas where democracy still reigns, which has many freedoms and basic human rights.
That's why the money is being found... it is also being found in the rest of Europe and beyond. We have a vested interest to protect our values and way of life.

But I agree this government do not look after our own interests and have a track record of squandering millions!

Katie59 Fri 23-Jun-23 05:35:22

Whatever we give as individuals or as a nation is not going to make a difference on the battlefield, it’s how far the US is willing to back Ukraine.

Personally I don’t think they will provide enough to win back the territory lost, neighbouring countries are holding back for their own defence if the conflict spreads.

maddyone Thu 22-Jun-23 22:27:45

We should give the money to Ukraine and it should be a gift.

Callistemon21 Thu 22-Jun-23 22:04:19

vampirequeen

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.

why

Moldova, Chechnya, Georgia, Ukraine Crimea, London, MH17, Syria, Salisbury, Kazakhstan, Ukraine again ........
Where next?

LauraNorderr Thu 22-Jun-23 21:53:17

Wherever the money comes from it is the right thing to do for all our sakes.

LauraNorderr Thu 22-Jun-23 21:49:48

I’m definitely of the same view as MOnica, GGravy and all others who have agreed. I fully support any aid we can give to Ukraine.

maddyone Thu 22-Jun-23 21:04:22

M0nica

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

Absolutely. It’s been a terrible war (I know all wars are terrible) but it has been truly terrible. I’m with foxie, it should be a gift. British people have had huge help with their energy costs, and the poor have received extra help. Only yesterday £150 for more than six million people in this country. We should be behind this and be happy to give more. My God, they need all the help they can get.

Norah Thu 22-Jun-23 19:20:02

vampirequeen

My OP stated that this was not a pro/cons of the war. I want to know where the money is coming from. Where is the magic money tree? If we have this money to loan/give away why are our children, vulnerable, sick and elderly still suffering from underinvestment.

It seems to me that this government has plenty of money for its pet projects/friends but nothing for the ordinary people of this country.

The money is coming from the government, no magic involved.

Carbonated Thu 22-Jun-23 18:15:47

M0nica

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

This.

The whole thing is a very delicate diplomatic balance. If Ukraine falls, Pugin will become even more arrogant and emboldened, and then who's next?
Ukraine must be supported to overcome or its likely we will fighting a direct war in the not too distant aftermath of a Russian victory.
The needs of our very underfunded NHS, social services, education and prison & rehabilitation services will pale into insignificance at that point.

GrannyGravy13 Thu 22-Jun-23 17:17:39

I know MaizieD but many chose to believe a Countries economy is like a household’s.

MaizieD Thu 22-Jun-23 17:06:07

GrannyGravy13

vampirequeen

My OP stated that this was not a pro/cons of the war. I want to know where the money is coming from. Where is the magic money tree? If we have this money to loan/give away why are our children, vulnerable, sick and elderly still suffering from underinvestment.

It seems to me that this government has plenty of money for its pet projects/friends but nothing for the ordinary people of this country.

The Government of the day whatever their colour can raise funds by various means.

It raised £’s to pay furlough to people who’s jobs stopped overnight during the various lockdowns.

I keep telling people where the money comes from, but they refuse to believe me grin

It's just keystrokes on a keyboard. The Bank of England 'creates' the money to purchase government bonds and the Treasury gets the money. Which is then used for the purchase of armaments or whatever.

Basically, the government is borrowing from itself because the state owns the Bank of England...

Dickens Thu 22-Jun-23 16:19:51

Germanshepherdsmum

Putin engaging in peace talks? Not in a million years.

That was my immediate reaction, too.

'Peace' is not his end goal.

Callistemon21 Thu 22-Jun-23 16:16:11

North and South Korea only have a Ceasefire stopping them from crossing no man's land into each other's countries after 70 years
And now people in North Korea are starving.

Why can't we rid the world of these despots?

Germanshepherdsmum Thu 22-Jun-23 16:12:16

Putin engaging in peace talks? Not in a million years.

Gundy Thu 22-Jun-23 16:11:37

I am heartened by the show of support here for Ukraine. They are fighting for their liberty, freedom and their lives!

I’m financially supporting the effort when I can and read, listen everyday on the progress they’re making. If they don’t persevere and reclaim their land… Putin will go after my family’s home country next.

It’s a real nightmare and as MOnica so succinctly put it - they ARE fighting WW3 on our behalf.
Long live Ukraine!
USA Gundy

Bella23 Thu 22-Jun-23 16:10:03

grannyrebel7

I'm not happy about it. It's just perpetuating the war and more people are dying needlessly. All wars end with peace talks so why can't this be persued now rather than later when more death and destruction has been wreaked upon both Ukrainians and Russians?

All wars might end in peace talks but not necessarily a Peace Treaty. North and South Korea only have a Ceasefire stopping them from crossing no man's land into each other's countries after 70 years.
Ukraine was never "Russia" it was part of the USSR. A land grab during the end of WW2 by Russia led by Stalin. Ukraine's grain was known as his gold. He starved the Ukranians.
Putin has stated that he wants back all the land that the USSR encompassed, which takes in a lot of countries and puts him near our doorstep again.

Germanshepherdsmum Thu 22-Jun-23 16:09:26

Indeed it did - and to help with fuel bills. Some people have just received another payment towards the increased cost of living. Memories are short and giving the government a good bashing is a popular hobby.

GrannyGravy13 Thu 22-Jun-23 16:06:02

vampirequeen

My OP stated that this was not a pro/cons of the war. I want to know where the money is coming from. Where is the magic money tree? If we have this money to loan/give away why are our children, vulnerable, sick and elderly still suffering from underinvestment.

It seems to me that this government has plenty of money for its pet projects/friends but nothing for the ordinary people of this country.

The Government of the day whatever their colour can raise funds by various means.

It raised £’s to pay furlough to people who’s jobs stopped overnight during the various lockdowns.