Posted by: aboutalbion | May 29, 2016

EU referendum vote (5)

In today’s hustings, reference to the corrosion of public trust has been made.

I want to suggest that the agreement between both sides of the debate not to discuss the bankruptcy (or otherwise) of the UK is a deliberate cover-up and, as such, a corrosion of public trust.

Successive UK governments have increased the National Debt to currently over £1.6 trillion, which is over £25,000 for each man, woman, and child in the population.

The latest figures (for 2015) from the ONS for the UK balance of payments show a deficit of £96.2 billion (or £1,500 for each man, woman, and child in the population).  This was the largest annual deficit (as a percentage of GDP at current market prices) since annual records began in 1948.

I conclude from these two sets of figures that the UK is addicted to debt and trading at a substantial loss.

I further conclude that the two sides in the Referendum debate have joined a conspiracy to conceal the current malignancy affecting the UK economy.  To my mind, the UK’s politicians are infantilising the British electorate by their silence on this issue.


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