Someone earlier in the thread suggested the UK deficit was 4%. I'm not sure where those figures came from. It's 101% according to the IMF. If the UK was a business it would be insolvent. Technically it is and has been for some time.
Threads like this often get petty and ignore the real elephant, or herd of elephants in the room. I'll make one contribution further.
The tax burden in the UK is possibly the highest since the 1950s. I'm guessing at that, but I'm sure stats won't be far off. There is a reason for this. Not because the government is greedy, but because it cannot afford to meet its commitments.
Think of like this. Thatcher was correct when she said running a country is like is running a household. Money in, money out. The UK has maxed its credit cards but keeps getting new ones. The tax burden is still not enough.
Nothing the Tories or Labour have done is making the cold hard facts go away. Other countries can do it cheaper. Why ? because most don't have the same living standards as us or they make stuff that people want, often cheaper. Trump knows this, with the U.S running an even higher deficit. That's why he's acting like he is.
No amount of political posturing will change this. We have a health service we cannot afford, a welfare system we cannot afford, a willy waving defence budget we cannot afford and just about everything else we cannot afford. The only hope is to downsize. But governments won't do that because it loses them elections and people don't like to have social responsibilities that have once been offloaded elsewhere. Developing countries will simply look at us and say 'diddums'
So if folk don't like being taxed then offer an alternative. If folk think everything Labour are doing is awful then ask why a lot what they are doing is not reported in the press. We know why. It's not reported because the media has a right wing bias and the elephant is somehow hidden.
I don't know what the solution is, but I do know it's unlikely to get better. I don't know if this government is any better than the last, but the truth is a lot of society's failings are little to do with the government. They are just a convenient scapegoat to deflect from individual responsibility. Why might crime figures be up ? Not because Khan is running London, but because we still have a society with a lot of wankers. That's our fault, not his.
Over 1,000 posts on this thread and still the elephant stands there. And no amount of 'My Dad's better than yours' will make it better. The government is not a parent. It is a steward of the nation's finances. And I suspect the treasury are sitting there staring blankly at the wall every day not knowing how to balance the books. The only way it can be done is by introducing hardship, or more social responsibility. At the risk of sounding a bit 'right wing' in my view of this, and seemingly advocating small government, I do advocate such things when looking at reality but my view of government is the polar opposite. One of it's primary functions is to protect the welfare of its citizens, especially the vulnerable. The primary emphasis should always be on being the facilitator of life's basics and not an unequal greedy nation. But it can no longer be expected to do it alone via the credit cards. Your grandchildren will not thank you.
And if anyone wants to know why Sunak called an election he was clearly going to get thumped in, the current situation is the answer. They saw it coming.
Two different metrics:
The UK’s annual government budget deficit is 4.4%. It spends more in 2024/25 than it raises in taxes by that %age.
UK public sector debt as a %age of our gdp is 98.1%. [France 112%, Italy 138%]. It‘s not victimless/harmless to deliberately increase this on a vast spend for example. Two reasons …. interest rates are high, we pay £116b in hard cash to service that each year, money not spent on services or new infrastructure. The global markets attack countries doing so ….. other than the mighty US.