I’ve edited my post to clarify. But basically No in my opinion.
Now for the kicker - where does the money come from?
Corbyn's magical money tree data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7
You and I in other words....
No that's May's magic money tree, she always seems to have cash for pet projects aka We can't afford to pay for adult social care but guess what we have £60billion for a new trident nuclear weapons system or HS2 (I'd rather the entire rail network gets the rebuild it needs before we add fancy pants high speed trains).
UBI will most likely be funded through a combination of borrowing and tax income. But I guess if it drives growth the bond markets probably won't care too much, so long as the interest and debt is paid back over time. I don't think the right formula for UBI has been devised yet.
What? Seriously? Borrowing? Nope that is just not right. If we can't afford it we can't afford. Borrowing send totally the wrong message.
Either taxes go up to where they should be to pay for things or we keep borrowing. The Tories haven't got the National Debt down, it's ballooned to £2 trillion or more. Bringing the deficit down does not count as paying debt off, that's just the interest on the debt. Cameron and Osborne were both slapped on the wrist for not making that distinction by the national audit office.
Deficit is not just interest in debt. But naturally you got to stop the deficit in order to be able to pay your debt structurally. So basically we can’t afford this. So people better work a bit harder then.
Oh yes, it's all the Tories fault running up that huge deficit that caused the debt to increase. //static.avforums.com/styles/avf/smilies/facepalm.gif
Worth noting that the national debt is falling as a percentage of GDP, so is now shrinking.
Hi mate
Apols but I had a discussion with you about using GDP as a measure for education funding and you stated it wasn't a valid measurement and I only used it to suit my argument.
doesn't the same apply here?
UK National Debt - Current, Recent, Historical Charts Tables
cheers
No.
Can see you've seen this, so hope you also see this edit.
I never said it wasn't valid. You said GDP was a better measure than actual spending per head. And my response was.
I disagree.
But even if that was true, we spend above the OECD average.
In a discussion about whether our education system was massively underfunded.