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Post by philbadfactor on Sept 4, 2023 9:36:16 GMT
Austerity means Public Spending cuts. The reason is to transfer wealth from the many to the few but it's said to be to cut the debt. The debt is no such thing. The debt is actually people and institutions having savings with the Government. They have even launched a 6.2% interest ISA with National savings and investment. Encouraging people to save with the government. This will increase the so called "debt" thats not really a debt because all it is is money you have saved with the government. www.theguardian.com/education/2023/sep/04/england-crumbling-schools-rishi-sunak-repairs-civil-servantSomething like this is going to bring Sunak down. I wonder what it will be.
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Post by terminator on Sept 4, 2023 10:33:02 GMT
Whatever brings him down let it be something that forces a GE and not hanging on until mid 2024.
IMO money is just a numbers game, a set of figures that says you have this much money in an account. If you go to any bank to close an account they won't give you notes and coins they will give you a cheque which you will give to another bank to open an account. My mother closed her account with one bank and she demanded the money in cash, the bank had to close for three hours so they could get the amount that was in her account, it was only £48,500, but it just shows that banks only have a few thousand in each day for people wishing to withdraw money from their account and would much prefer them to use a cashpoint rather than their branch counters to withdraw money. They rely on people putting money into accounts to fund those taking money out of accounts during the day.
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