The Tory disaster and Europes hole of debt

The Tories are on the edge of a fine precipice, but this disaster will not only hit the Tory party in a case of no confidence it will decimate the country. Teresa May is also on the edge of resigning, She has lost the respect of her MPs, the voters and Europe. If you stand still for one moment the sound of ticking can be heard, it is the inevitable tick of May's death clock getting closer and closer.

When Labour were kicked out in 2010 Liam Byrne the ex-Treasurey secretary left a message stating there was no money in the kitty. It was the beginning of a snowball effect on debt and deficit which are two different aspects meaning current borrowing and total oustanding. To tackle such a thing out of the box thinking would be needed, but of all political parties it could never be from the Tories. Greed is what they are known for, greed for rich people and increased poverty for the poor. So their 7 years of government has now seen the British debt increase from 500 billion to 1.4 trillion. However,  the recession has hit all of Europe there are only three countires which are not in a debt situation, Iceland, Litchenstein and Germany. Yet the Tories insisted on blaming Labour for a recession which went global, it wasn't Labour's fault this was another false fact. To consider this is disasterous would be to undermine the seriousness of how tragic it is.

What is the debt of other EU countries? This is a good question because it puts into perspective how we are dealing with our own debt. For example has austerity actually actually made things worse? I ask this because sometimes you have to spend a little in order to get something back, we all hate doing it but it is one of those facts. Overtime the benefit may actually be much larger than the initial spend, however this notion is something the Tories don't understand, unless it happens to relate to bung money.

Country                    Debt                % of GDP
United Kingdom     £1.8 trillion        89.1
Spain                      e 1.6 trillion        99.8
France                     e 2.2 trillion       96.2 (2015)
Greece                    e 3.3 trillion        177.4 (2015)
Italy                        e 2.2 trillion        132.3 (2015)
Portugal                  e 2.3 trillion        129 (2015)
Poland                    e 2.1 trillion        51.1 (2015)
Czech Rep              e 67 billion         40.3 (215)

Poland is the largest net gainer from the EU, receiving approximately e 8.5 billion, the UK loses out by being a member of the EU and this is about £8 billion. The Czech Republic gains e 2 billion a year from being a member of the EU but from this table is clearly one of the more stable countries financially, just as Poland is. The UK's contribution to the EU is significant and in the top grouping of EU countries. Maybe the Euro experiment is about to bust, there are no figures here for population numbers and employment which would be interesting to see. The perspective is debt though in whichever direction viewed. It also asks the question of when will there be a re-evaluation of the euro and the pound sterling? At this point the opinion of a couple dozen economists would be interesting, for just like politicians they are known not to agree on a great deal, however, surely looking at the debt hole we're all pretty well fecked for the future. Someone is going to have to pay the banker back at some point.

Why will May leave?  Perhaps it will be the continuous and unrelenting pressure from the results of a poor and weak government, one she inherited from the self interested, Osborne and Cameron to name but two. Maybe because there is no response when the facts come home to roost. Such as cutting police officers by 20,000, prison wardens by 7,000 and tax collectors by 10,000. The one thing Thatcher always did was ensure she had a strong police force on her side, mind she needed it. Where as T2 as she is known, is actually nothing of the likes of Thatcher. Thank feck to. Alternatively could it be the unscheduled calling of an election which moved the Tories from just about stable to weak and wobbly shored up by a racist, homophobic right wing DUP party. Put it this way, I'm sure May didn't invite any of her new 10 supporters to the gay pride parade, but she did give them a bung of at least 100 million each. As the saying goes, keep your friends close and your paid allies even closer. Another reason May could go is if there is a sufficient challenge to her leadership, however this is probably the least likely thing to happen. Being a Tory and being prime minister is a poison challice, and this is it, I've stumbled onto the most likely of all reasons. Each morning with her soldiers and boiled egg she takes a sip from the challice of deceit, failure and debt. It's pulling her down she just can't keep taking sips and she's got to give up the ghost. Fingers crossed.