Where does the money go to?

[Swissclaret]

I am not asking this question to inspire a debate between Labour and Tory.

With the bankruptcy of Birmingham council, the fact that there is income tax, capital gains tax, inheritance tax, VAT, council tax, special taxes, government debts over a trillion, the country is decaying before our eyes, where does all the money go to?

Wherever you look, Britain is increasingly a third world country. The tax take is massive by anyone’s standards.

[Vintage Claret]

It does not seem to make a difference as to which political party is in power, there is an awful lot of wasted money spent by our government.

One of my personal grievences is the money spent on baleouts of companies whose product is deemed essential to the people of the UK. In the cases of energy and transport industries on which everyone in the UK requires, those companies should be state owned, and operated on a minimal profit basis, to allow the people who need their services to have the best possible price for that service.

[Swissclaret]

It does not seem to make a difference as to which political party is in power, there is an awful lot of wasted money spent by our government.

One of my personal grievences is the money spent on baleouts of companies whose product is deemed essential to the people of the UK. In the cases of energy and transport industries on which everyone in the UK requires, those companies should be state owned, and operated on a minimal profit basis, to allow the people who need their services to have the best possible price for that service.

I agree VC. The water companies are a classic example. The waterways and the seas are a disgrace. Outrageous salaries, high dividend payouts and minimal infrastructure investment.

What amazes me is that Britain sends aid to China and India. Both of them can afford a space programme! How ludicrous is that!

[Deadlydave]

What about the massive amount of money we spend on the huge debts we have accumulated by spending more than we take in. We have too many benefits and not enough people that do productive stuff and no I am not having a go at real people that cant work and need help. It's a problem we won't deal with but the debts will kill us as sure as cyanide. The idea of Keynes economic theory was to pay the borrowing back in the good times. Trouble is politicians need to bribe voters so they never do. Hence this country is a dump; It make me cry to see it.

[Swissclaret]

What about the massive amount of money we spend on the huge debts we have accumulated by spending more than we take in. We have too many benefits and not enough people that do productive stuff and no I am not having a go at real people that cant work and need help. It's a problem we won't deal with but the debts will kill us as sure as cyanide. The idea of Keynes economic theory was to pay the borrowing back in the good times. Trouble is politicians need to bribe voters so they never do. Hence this country is a dump; It make me cry to see it.

I agree DD. And with inflation comes higher interest rates, which means the debt costs more to service.

Another economics basics is that printing money is inflationary - see Nazi Germany as a classic example.

This week the Governor of the BoE announced that, oops, they printed too much money. Who are these clowns? The BoE was made independent so that it could not be used for political ends. Why have they printed too much money? To meet political ends.

You couldn’t make it up.

[The Bedlington Terrier]

Thir**** years of a Tory government and Britain is broken. They will be gone soon.

Unfortunately we have another empty egghead waiting to take over with just about the worst Cabinet in waiting ever.

[kritichris]

it seems to me privatisation hasn't worked, unless you're employed high in the new sectors or an investor receiving dividends, the country has just been asset stripped and it's amazing that the Tories haven't been able to get their hands on the NHS (yet). Paying record salaries and dividends and not reinvesting in the infrastructure of our major utilities is only going one way as far as the country is concerned. brexit hasn't helped either despite all the promises.

[Swissclaret]

Thir**** years of a Tory government and Britain is broken. They will be gone soon.

Unfortunately we have another empty egghead waiting to take over with just about the worst Cabinet in waiting ever.

As I mentioned, I did not raise the subject to blame the Tories or Labour. They are both as bad as each other. It is worth noting that Birmingham and others filling 114 are Labour run councils. As far as I am aware, the Tories do not dictate policy to Labour run councils.

My question to you poor souls living in a third world country is where on earth does all the money go to?

[The Bedlington Terrier]

As I mentioned, I did not raise the subject to blame the Tories or Labour. They are both as bad as each other. It is worth noting that Birmingham and others filling 114 are Labour run councils. As far as I am aware, the Tories do not dictate policy to Labour run councils.

My question to you poor souls living in a third world country is where on earth does all the money go to?

Birmingham Council have been subjected to 50% cuts like every other Metropolitan Council because of the Tory austerity policy founded by Cameron and Osborne.

The senior Tories look after their chums and that's where the money goes...

https://www.bbc.co.uk/news/uk-56319927

[Supersub6]

Birmingham City Council Spending on Councillors 2018/19:-
Basic Allowances £1,705,892.16: Special Allowances £476,698.72: Travel £4,898.93: Carer £239.00

2021/22:-
Basic Allowances £1,775,464.69: Special Allowances £592,205.27: Travel £1831.10: Carer £136.00

Over 90 councillors, most claiming over £18,000 allowances and add to that the Special Allownces and you are talking a lot of money.

Over the time shown the Basic Allowances rose aroun 4% but the Special Allowances rose by around 25%.

Easy answer is to get yourself elected to your local council and you are quids in.