If you talk about billions and trillions in our economy it gets confusing. But if you knock seven zeroes off all the figures, and treat it as a single household, you can get your head around it:
Our nation has an income stream of £55,000 a year
Our expenditure is £74,000 a year
We have £110,000 on the credit card
We’re getting £12,000 of new debt every year
And if you stop all benefit fraud tomorrow it would save the equivalent of £120 a year.
If you eradicated scroungers it would take 1,100 years to pay off the national debt with the money saved. If you got all corporations to pay their tax – an estimated £25bn a year – you could do it in 44 years.
to name but a few.........