posted 21 Apr 2016, 08:03 by Peter Webb
[
updated 23 Apr 2016, 06:31
]
As I have been saying…........
http://www.adamsmith.org/news/uk-plc-britains-debt-time-bomb
This again is the picture, with an intuitive forecast (in 0
pages) reflecting trends and a visit to the November Economic Review(236 pages)
but ignoring the Network Rail revaluation.
|
KEY ELEMENTS OF
UK WGA (Whole of government Accounts)
|
|
£bn
|
|
|
PGW intuitive
|
|
|
2009-10
|
2010-11
|
2011-12
|
2012-13
|
2013-14
|
2014-15
|
2015-16
|
|
2020-21
|
|
Examples
|
|
|
|
|
|
|
|
|
|
|
Assets
|
Land &
Buildings,
|
1249.5
|
1,234.3
|
1,270.6
|
1,297.5
|
1,337.3
|
|
1,375
|
|
1500
|
|
student loans, taxes due
|
|
|
|
|
|
|
|
|
|
|
Liabilities
|
Pblc sector
pension schemes,
|
2477.4
|
2,420.0
|
2,617.5
|
2,925.4
|
3,189.1
|
|
3,750
|
|
4500
|
|
government borrowing
|
|
|
|
|
|
|
|
|
|
|
NET LIABILITY
|
TOTAL DEBT
|
1227.9
|
1,185.7
|
1,346.9
|
1,627.9
|
1,851.8
|
0.0
|
2375
|
|
3000
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue
|
Taxation, local
government
|
583.4
|
614.0
|
616.6
|
620.7
|
648.5
|
|
675
|
|
775
|
|
housing
|
|
|
|
|
|
|
|
|
|
|
Direct and other
operating expenditure
|
667.2
|
624.9
|
715.1
|
717.3
|
718.0
|
|
725
|
|
775
|
|
|
|
|
|
|
|
|
|
|
|
|
Net financing
cost
|
Interest on debt
|
78.9
|
83.5
|
86.8
|
82.1
|
79.1
|
|
85
|
|
90
|
|
|
|
|
|
|
say
|
150
|
|
|
|
|
NET EXPENDITURE
|
DEFICIT
|
162.7
|
94.4
|
185.3
|
178.7
|
148.6
|
150
|
135
|
|
90
|
|
ACCUMULATING AS
DEBT over this period
|
|
257.1
|
442.4
|
621.1
|
769.7
|
919.7
|
1055
|
|
1730
|
The Chancellor's antiquatedTreasury has much to answer for. One can
have no confidence in its latest assesment of 'brexit' damage and why
wasn't that produced by the supposedly independent OBR?
"The man who knows how
to count, knows everything else as well" said Avenzoar of Babylon
THINK ON AND
DEMAND BETTER |
|
