Meet the Other Phone. Protection built in.

Meet the Other Phone.
Protection built in.

Buy now

Please or to access all these features

Chat

Join the discussion and chat with other Mumsnetters about everyday life, relationships and parenting.

Please educate me on economics!

0 replies

RosieLeaLovesTea · 20/09/2024 19:42

Ok press reports today that the Uk is borrowing and repaying 100% equivalent to total income . Even with my simple brain that cannot be good. It’s basically like an accruing debt and using 100% of salary in debt repayment isn’t it? Labour are saying they inherited a huge mess. The tories tried Austerity which didn’t really work but did have to steer the economy through the pandemic. Is it the after effects of the pandemic that caused this? What are the solutions? Increase economic growth? Raise taxes? Cut benefits -which Labour are already doing.

OP posts:
New posts on this thread. Refresh page
Swipe left for the next trending thread