Quote:
Originally Posted by Stephen
Yes we pay tax and that goes back into the UK pocket but the UK also gets money from other countries and services that we give and provide to other countries, so and I am sure I have told you this before, as we get funding and help off other countries it is only right and fair that we then give help to other countries.
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We are running a balance of payments deficit with the rest of the world. With that in mind the funding for such things has to come from the UK taxpayer. This comes either via spending current taxation receipts or by promising future taxpayer funds via debt issue.
So, it's entirely accurate that the UK taxpayer is paying our foreign aid budget until such a time as our balance of payments is in surplus sufficiently to cover it.
---------- Post added at 22:40 ---------- Previous post was at 22:39 ----------
Quote:
Originally Posted by Arthurgray50@blu
Stephen, I stand corrected. I didn't know that.
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What he said is common sense. It's also, given the current circumstances where we have a big net outflow of funds from the UK abroad, wrong.