What do you feel is the biggest thing responsible for the money shortage in the UK at the moment

Question

It appears that more and more people are struggling either below or just on the breadline. Why do you think that is.

Answer 1

Your money is going by the billion to pay the bankers gambling Debt.

Just pay your tax and shut the **** up,how the h*** else could the city bonuses and champers get paid.

Answer 2

I reckon all the above answers are true in certain respects. However my own personal opinion is that we are controlled way more than we think, and it is very interesting to see some prices rises and others drop dramatically.

For instance, why on earth are short-haul flights becoming cheaper and cheaper, when the same distance by train is becoming more and more expensive? I mean with one hand we are shown disturbing facts and figures to do with climate change, and fed guilt inducing horror stories of how 'we' are ruining the world. Yet when I need to visit my Gran who is dying in Cornwall, it costs £10 for a flight with ryanair and £51.50 for the train!

I am so poor (as with many londoners, I never see my money) and do not wish to contribute unnecessarily to climate change, however I am being forced it seems, due to my financial status, to be the perpetrator of horrendous crimes to our planet.

Check out the statistics on this site:

http://www.seat61.com/CO2flights.htm

It's absolutely mental. We are governed by absolute insane weirdos who talk out of their bottoms. I don't trust a single word they say.

Sorry for tangent and rant.

Daisy

Answer 3

Too many greedy rich people have or own most of the wealth or means to make money.

Answer 4

we are paying to much to other countries for items that could be produced here maybe?

Answer 5

Its cos Gordon Brown gives it all to Europe to prop up little sh1tty tin pot countrys that mean NOTHING to us.

Or it goes on things like the Olympics that they say will cost one price........ then actually turns out to be 10 times higher !!

Answer 6

Overindulgence  and overspending ........ QED

Answer 7

There wouldn't be a cash flow problem in the economy if people weren't so greedy. Borrowing money on credit cards for rubbish like the latest mobile 'phone or iPod, or whatever.

Answer 8

Money isn't in shortage - people are greedy.

And taxes are beyond ridiculous. The government needs to start laying off and allow the private sector to employ jobless rather than taxpayers.

Answer 9

the credit crunch.

Answer 10

greed, pure and simple, the banks too willing to give people mortgages they really cant afford and the public greed for their desires to have bigger and better homes and cars than their neighbours. The banks are the main culprits and the first to cry wolf when things go wrong.

Answer 11

Gordon Brown,  as Chancellor and now as PM, sold gold reserves, kept nothing back for the rainy day that's now here, raided pension funds, and generally ******* up our economy, screwed everyone over with the 10p tax band, whilst if he had left well alone most of these other measures would not be needed, to help people in the credit crunch.

thats without giving Northen Rock billions to prop them up, then still more tax payers money because they look like the Titanic currently, and i have no respect for him at all as PM.

If we did not pay half as much to the EU, our quota is more than anyone else, then we wouldn't be struggling half as much.

Plus borrowing for mortages, loans, that has now seen as foolhardy in many cases.

Answer 12

It's complicated. The people responsible for looking after the money of the major banks and building societies blew it big time by investing in dodgy schemes to make a fast profit. They got rich in the process but the banks have lost billions (the so-called global credit crunch). Now there's not enough money to go round, so people can't get mortgages, so house prices are dropping.

Credit was too freely available and too many people borrowed too much, and ended up with IVAs and bankrupticies.

Commodity prices are rising much more quickly than people expected.

But the overall reason is that the government didn't control these things because it was too busy throwing away billions and billions of pounds on bureaucracy, targets, failed NHS computer schemes, Northern Rock, you name it. Now the whole country is virtually bankrupt and the government can do little about it because it's just as much in debt as everyone else.

Answer 13

Americans and their methods of running business.

Ha! 10 points please.  

Answer 14

i think it all started a couple of years ago, when companys started paying monthley instead of weekly, most people cant make there money last a month so have to borrow, then when they do get their wages most is owed owt to other people,

they have it on tick, or put it on credit card, or go over their overdraft

also goverment is too greedy, half my wages have gone before ive even had it

i say go back to paying weekly.

Answer 15

It's a world economy problem started by the USA encouraging everybody to live on credit companies who eventually make people bankrupt from their charges.      

Answer 16

credit is too easy to get.

Answer 17

I think you're mixing up 2 issues.

Money is tight at the moment because too many people were getting credit they couldn't afford to pay back and the cash flow has to be slowed down to curb inflation.

People are earning less because all the work has moved to the East, e.g. China and India, where they can produce goods for a fraction of the cost.

Add to that the fact that energy and food are short because a couple of billion more people than before are using it, and you can see why wages aren't keeping up with prices.