Osborne's latest attempt to kick start the economy will cost �100 billion. These huge numbers fly about in the columns of Newspapers, but few of us really comprehend them. What does �100 billion mean in tangible terms.
During the fiscal year ending in 2011, the NHS cost �100 billion. The education budget was less; some �58 billion, while defence expenditure was just �37 billion. So, �100 billion is really big number.
Notwithstanding Osborne's excitable language about firepower and kick-starting the economy, we have to wonder where this cash will really go. I have a sneaky feeling it will end up supporting the balance sheets of banks. Ultimately, it will leak out as bonuses to bankers.
We know it; they know it; they know that we know it; we know that they know we know it. Everyone has full information. No one is keeping any secrets here.
Yet somehow, nothing ever changes.....
During the fiscal year ending in 2011, the NHS cost �100 billion. The education budget was less; some �58 billion, while defence expenditure was just �37 billion. So, �100 billion is really big number.
Notwithstanding Osborne's excitable language about firepower and kick-starting the economy, we have to wonder where this cash will really go. I have a sneaky feeling it will end up supporting the balance sheets of banks. Ultimately, it will leak out as bonuses to bankers.
We know it; they know it; they know that we know it; we know that they know we know it. Everyone has full information. No one is keeping any secrets here.
Yet somehow, nothing ever changes.....
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