Quote:
Originally Posted by Sephiroth
According to my understanding, [B]the Chancellor intends treating the debt and subsequent investment as a sort of lend-lease debt; something to be repaid over 50 or 60 years. In order to do this, tax rises, if any, would only need to be moderate or low (assuming no efficiencies can replace tax rises).
Anyway, what's your eal point? Knock the Tories, I'm sure.
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So yes , borrowing. ie. we pay back a lot more than we borrow over 50 to 60 years.... i.e. let the next generation deal with it (again), along with climate change and all the other crap we've bequeathed....