UKBengali
Elite Member
You live in UK. What is UK annual budget ?
Yes I live in UK.
Forget annual budget and think of what it produces and consumes.
Debt as proportion of GDP is now around 100% and government deficit is 5% of GDP. This cannot continue on current trajectory.
UK is living on borrowed money and is going to raise taxes by the highest amount for decades next April to try to plug the gap between spending and borrowing. Otherwise money markets will stop lending it more money unless it tries to balance the budget.
In actuality UK is a bankrupt country. Giving money to Ukraine is a luxury it cannot afford.





