Tuesday, 24 February 2009

Where is our bailout money going?

In the US, Obama's website has this

Gordon Brown has launched another government website which is nothing more than a crude propaganda tool telling us nothing useful.

I created this graphic to help us understand where our bailout money is going.


Mark Wadsworth said...

1. The much vaunted £500 billion is wildly overstated, the important figure is the net loss, which in real life is 'only' £50 billion, but the banks will now fiddle the figures and jack that up to £100 billion or more.

2. VAT is The Worst Tax, any cut in VAT is good. There must be loads of businesses who would have gone bankrupt but for being able to keep another 2% of gross turnover (most businesses have wafer thin net profit margins of 5% or 10%, less in a recession).

Oldrightie said...

Labour have employed several million people to build a wall of bureaucracy on which to pissup all our money and taxes.