General Discussion
This has been mentioned many times it is alleged that £22 billion pounds is
now gone missing which no one knew about and been a surprise to most.
Well if this is allegedly so, and after all it is its the peoples money.Where is the money?
Where is it?.Should the police investigate the situation?
Yeah good question. Done some googling and found this - https://ifs.org.uk/articles/ps22bn-black-hole-was-obvious-anyone-who-dared-look
Don't know if that article has answers but seems to be on subject.
What I don't understand is why all our governments are happy to keep piling it on national debt.
https://obr.uk/forecasts-in-depth/tax-by-tax-spend-by-spend/debt-interest-central-government-net/
"in 2024-25 we expect debt interest spending to total £89.0 billion. That would represent 7.3 per cent of total public spending and is equivalent to nearly 3.2 per cent of national income."
So there's £22Bn black hole, what about spending £90Bn on debt interest. Just makes zero sense.
The national debt should be dealt as a matter of urgency.
The national debt is £2825bn. It dwarfs the £22bn Rachel from accounts keeps going on about.
The government spends over £1200bn a year. The shortfall in tax receipts means £127bn will be added to the national debt this financial year.
https://obr.uk/forecasts-in-depth/brief-guides-and-explainers/public-finances
Interest on the national debt will soon be over £100bn a year.
https://public.tableau.com/app/profile/obr2525/viz/Debtinterest/Latestforecast
