During the term of Labour and the demise of the UK PLC, the latest is that Projects approved by Labour are to cost more than 5 times the original cost. Well that is a surprise!! (not)
The dis-concerning thing is that it will cost each tax payer an extra STG14,800 and that is just these 500 projects and not others !!!
This is a total cost STG 245 bn and as interest rates go up it will cost more.
So say Mortgage rates go to 8 pct as I see them going for now then this will increase in interest to Stg 1,410,000,000 for 30 years as they are based on 30-40 year payments.
This means another STG85 per person.
So if I said about a week ago that the tax rises and cuts have cost each of us STG5000 so far we also have this now and more to come.
Oh and we will have to fund anymore bailouts for the EU.
In essence it's very depressing and you have to see, we are going into a depression no matter what they call it!!!
Something has to give.
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