[Jamietwo]

Originally Posted by stewart64

The welfare budget is pretty massive..200 billion and dwarfs the profit of the Banks which was only 32 billion combined before the bust.

well according to the independant 6 billion has been given in bonuses to the bankings execs and 1 TRILLION of tax payers money has been used to bail them out


http://www.independent.co.uk/news/bu...y-1806247.html

[stewart64]

Originally Posted by Jamietwo

well according to the independant 6 billion has been given in bonuses to the bankings execs and 1 TRILLION of tax payers money has been used to bail them out


http://www.independent.co.uk/news/bu...y-1806247.html

Actually a loan, that the Treasury hope to one day make a profit on, subject to Ireland not going bankrupt of course; we have lent an awful lot to them in housing loans especially RBS. The two billion welfare budget is money that is gone forever.

[Shasown]

Originally Posted by stewart64

Actually a loan, that the Treasury hope to one day make a profit on, subject to Ireland not going bankrupt of course; we have lent an awful lot to them in housing loans especially RBS. The two billion welfare budget is money that is gone forever.

Not really, it is pretty much a loan itself in one way.

The welfare payments will help the recipient to live, hopefully keep them from turning to crime to survive and be paid back into state coffers in the form of taxes when and if the person is able to work.