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05/21/2010: "the scale of UK debts"

the media harping on about who "could" be hit in any perceived cuts in funding or tax rises everyday for months now, lets try to illustrate the size of our deficit (the money we borrow each year) and the sheer size of the debts we have run up on the UK credit card:

The UK borrowed more than £9 BILLION in april 2010 - all the cuts coming in 2010 claw back a total of just £6 Billion pounds - this is LESS than just one month's borrowing!

IF we see a rise in VAT to 20% (or higher) - this will claw back just over £11 Billion - a drastic step, but a mere drop in the ocean when in the last financial year, the UK had to borrow more than £160 BILLION pounds just to stay afloat (this doesnt include the interest the UK will have to pay each year on this debt!

More than 20 MILLION people now need to claim a form of tax credit - an astonishing statistic, and one that cannot continue

The UK has borrowed the equivilent of over £24,000 pounds, PER VOTER!

Major cuts are coming - there has been no doubt about this - but trying to scare people about where they will fall is doing the british people is simply wrong.

Nothing should be exempt from cuts and savings, recession protection or not, the state of our books is disgraceful!
To say that certain groups of people may suffer is plain wrong... the fact is that ALL the people in the UK are having to pay for all the borrowing done in the last 13 years, when the same british people, received not one single penny piece of the money!