Challenger1978
Well-Known Member
There was a very intresting documentry on channel 4 last about the financial mess the country is in and how we can get out of it.
http://www.channel4.com/programmes/britains-trillion-pound-horror-story/4od#3139408
The basic premise of the show was we need to slash the size of the state and slash taxes. A thew key points while watching this doco stuck in my mind.
1) In China a communist state, state spending accounts for 26% of GDP. In the UK the state spending accounts for 53% of GDP.
2) A working man/women in this country on £12,000 a year pays directly and indirectly in taxes just over £7,000 a year. Leaving them with a pitance of £5,000 for themselves.
3) The largest state run service in the world outside of China is the NHS.
4) One of the main examples in this show was Hong Kong. Basically Hong Kong in the 1950 was nothing but shanty towns. Untill John Cowperthwaite turned up and slashed taxes which lead to the Kong Kong turning into the Manhattan of the far east.
Anyway i was wondering if anyone else watched this doco and wonder what you thought of it ?
http://www.channel4.com/programmes/britains-trillion-pound-horror-story/4od#3139408
The basic premise of the show was we need to slash the size of the state and slash taxes. A thew key points while watching this doco stuck in my mind.
1) In China a communist state, state spending accounts for 26% of GDP. In the UK the state spending accounts for 53% of GDP.
2) A working man/women in this country on £12,000 a year pays directly and indirectly in taxes just over £7,000 a year. Leaving them with a pitance of £5,000 for themselves.
3) The largest state run service in the world outside of China is the NHS.
4) One of the main examples in this show was Hong Kong. Basically Hong Kong in the 1950 was nothing but shanty towns. Untill John Cowperthwaite turned up and slashed taxes which lead to the Kong Kong turning into the Manhattan of the far east.
Anyway i was wondering if anyone else watched this doco and wonder what you thought of it ?