They gonna get back all those 10 and 25k grants and all the 80% of people’s 3 yearly income grants are they or am I missing something.
Not directly. A grant is something that is given away. They will recover it indirectly as taxes. Whether you take it or not, you’ll be paying.
Remember a couple of years ago how the debt level in the USA was far too high and needed to be reduced. Now we hear nothing about it.
I can't remember the figures so let's say the American debt was £10. It should be say £7 . One of the ways suggested of paying off some of the debt was to mint a £3 coin, pay it in to the national debt account and then destroy the coin.
Although they denied they would ever do that, it doesn't mean that they didn't or wouldn't.
Countries currency used to be based on the gold standard. Now it's a paper value and easily manipulated. If you are short you print more. Britain has done that. But there is a limit to this as Zimbabwe has found out.
When we applied to leave South Africa in the 1990's the value of the Rand had dropped to R22 to the £1. It was R5 to the pound when the wife left with her holiday allowance 3 months previously. It used to be about R3 to the £1 for many years.
There was a large international debt to be paid. Overnight the value of the Rand changed from R22 to R5.50. By lunch time the value was at R11 and when the stock exchange closed later that day it was back to R22 to the pound.
I'm pretty certain we are going to have large tax rises in the future to pay for this.
I wonder what happens to government's planned future expansion projects? Will that be used to fund the national debt?