Am I missing something?

What will change (in this Country), if and when the 'deficit' is paid off...I can't see where we will be any different than now?
The Government isn't likely to invest in new (well paid) jobs. I'm sure there will still be Zero hours contracts...Unemployment...Low-pay etc.
I must be missing something, but I can't see what it is...
Perhaps someone here can explain?

Malc.

Re: Am I missing something?

The rich will get richer because they won't have to pay decent wages to the plebs.

Re: Am I missing something?

The same as when we paid off the WW2 debt to the USA.

Re: Am I missing something?

So, like I said - No change!

Malc.

Re: Am I missing something?

You won't have to worry about the outcome Malc because we won't ever pay it off. Most of the debt is accumulated interest which grows faster than the payback.

Re: Am I missing something?

Hi

I can't explain or even guess what whichever Government in power will do with it.

However it is 10 times what we pay the EU every year, so £68 Billion a year would go a long way to transforming the NHS and services for the elderly.

Re: Am I missing something?

That large chunk of your taxes simply won't need to go abroad any longer. It will ALL go directly into the pockets of the politicians.

Re: Am I missing something?

So £68 billion in debt equates to the country doing well and being on a sound footing ?

Strange old life

Re: Am I missing something?

Malc.27

Do you understand how zero contracts came about? many don't. Zero contracts came about because of EEC ruling and the imposition of T.U.P.E.

The Transfer of Undertakings (Protection of Employment) Regulations 2006 (SI 2006/246) known colloquially as TUPE


This not only covers business transfers but employees rights generally.

Part of T.U.P.E says that if anyone is employed either as part time or casual labour after 6 months of employement has to be made a full time employee.

The only option left to companies is to get around this is to use zero contracts. This means that the employees are not employed on any sort of regular basis

If we didn't accept EEC rulings more would have regular albeit part time or as casual labour work.

Try studying T.U.P.E. in full and maybe you will be suprised on how many rights employees have.

When I had my own company I went into this in great detail with a solicitor specialising in employement law and I have to say I was staggered what an employer can and can't do.

One part of TUPE really shocked me, and those employees who don't know about it can loose out big time. I am not going to say what it is,it is up to the individual to find out or pay an employement solicitor to explain like we had to.


So Malc.27 before moaning about low pay -zero contracts etc find out why first

Re: Am I missing something?

What will happen when Cameron signs up to TTIP? He's all for it. At least the EU is negotiating for fairer terms.