IMF needs a sub ,and Britain obliges

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 ?.

[Mick Fisher]

George and Dave are up to the usual Tory ploy of attempting to make themselves and Britain look "Great" again while financially oppressing the population.

It's about time we had an administration that recognised that The Country can no longer afford to be a major world power and just concentrated on running to Country for the benefit of it's Citizens for once.

[mertle]

Originally Posted by Mick Fisher

George and Dave are up to the usual Tory ploy of attempting to make themselves and Britain look "Great" again while financially oppressing the population.

It's about time we had an administration that recognised that The Country can no longer afford to be a major world power and just concentrated on running to Country for the benefit of it's Citizens for once.

do agree.

Although we have to be mindful damage euro collapse could do. Surely its better invested in UK rather wasted somewhere else. Dont trust IMF, they say nobody lost money there saying there always first time.

I not been fond of the way austerity been rammed into working lower classes society or vunerable by so called expects who just happen to be the ones who would benefit from crushing those at the bottom. To me all about widen the gap make more money for the top absolute nothing to do with economy fiscal prudence. Countries 1 by 1 forced or in our case willing to lap up like sheep.

For all the austerity for what so we frith away those saving giving ot away to IMF and gift it to abroad like india. Sounds madness policies surely money in UK people hands spending into UK economy drives our economy.

Am I being naive or simplistic notion we need to invest into uk infrastructure. Try turn our economy or keep it ticking to9 hell with IMF. Would it be such big disaster to lose AAA when USA come looking alot better for it even though they went lost it. Aparantly already back to level they was at pre-bank crisis. Osbourne so paranoid about the AAA he lost sight the economy needs to be in good health to raise revenue to reduce defiecit. No good having AAA rating if the economy so weak it needs more borrowing no chance to recover.

We was told we have no money for to repair a reported costing 10bn in our roads now we know why. Osbourne robbing us dry.

We could used it on roads give it to british contractors got us jobs and work.

[papa smurf]

Originally Posted by mertle

do agree.

Although we have to be mindful damage euro collapse could do. Surely its better invested in UK rather wasted somewhere else. Dont trust IMF, they say nobody lost money there saying there always first time.

I not been fond of the way austerity been rammed into working lower classes society or vunerable by so called expects who just happen to be the ones who would benefit from crushing those at the bottom. To me all about widen the gap make more money for the top absolute nothing to do with economy fiscal prudence. Countries 1 by 1 forced or in our case willing to lap up like sheep.

For all the austerity for what so we frith away those saving giving ot away to IMF and gift it to abroad like india. Sounds madness policies surely money in UK people hands spending into UK economy drives our economy.

Am I being naive or simplistic notion we need to invest into uk infrastructure. Try turn our economy or keep it ticking to9 hell with IMF. Would it be such big disaster to lose AAA when USA come looking alot better for it even though they went lost it. Aparantly already back to level they was at pre-bank crisis. Osbourne so paranoid about the AAA he lost sight the economy needs to be in good health to raise revenue to reduce defiecit. No good having AAA rating if the economy so weak it needs more borrowing no chance to recover.

We was told we have no money for to repair a reported costing 10bn in our roads now we know why. Osbourne robbing us dry.

We could used it on roads give it to british contractors got us jobs and work.

i find hard understand what about this is .

[Russ]

I loved that clip on tv of him trying to justify it. He stressed it was 'just a loan' and 'like anyone else who loans out money, we intend to have it paid back'.

'Intend'.

[devilincarnate]

Originally Posted by Russ

I loved that clip on tv of him trying to justify it. He stressed it was 'just a loan' and 'like anyone else who loans out money, we intend to have it paid back'.

'Intend'.

Can we have the same APR as Quickquid if it is a loan

[Nidge41]

Originally Posted by Osem

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 ----------

Originally Posted by martyh

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.

[budwieser]

Originally Posted by Nidge41

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 ----------



We are still bailing out India who have their own space programme.

Yes mate, thats the bit that sticks in my throat too.

Originally Posted by Nidge41

Won't it be a loan to the IMF who will then loan it out at higher interest rates to other countries?
.

It is a loan but is the money better invested in our country now rather than in some some other country for god knows how many years at a low interest rate who may or may not default .

Originally Posted by Nidge41

We are still bailing out India who have their own space programme.

To be fair the Indian government have said that they do not require any more charity hand outs and that they would like to stand on their own feet.

Originally Posted by Maggy J

To be fair the Indian government have said that they do not require any more charity hand outs and that they would like to stand on their own feet.

To which GB replied "you may as well have it ,we can't think of anything to with it "