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Old 22-04-2012, 10:49   #22
Nidge41
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Re: IMF needs a sub ,and Britain obliges

Quote:
Originally Posted by Osem View Post
Let's not forget this amounts to a loan, our only concern should be whether or not we get it back at some point...
Won't it be a loan to the IMF who will then loan it out at higher interest rates to other countries?

---------- Post added at 11:49 ---------- Previous post was at 11:47 ----------

Quote:
Originally Posted by martyh View Post
Thinking about this more i find myself getting a tad annoyed.For the last couple of years the public has been told that we have no money and stringent cuts are needed to keep our head above water .Many of the public accepted this ,we accepted the cuts based on the government telling us that we have no money .Now i read that we have £billions sitting around for emergency ,some of which has been allocated for other countries use .Am i being naive ?,is this money not really there or is there a government account with £billions sitting in it ?.
We are still bailing out India who have their own space programme.
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