The Mudcat Café TM
Thread #133667   Message #3042014
Posted By: Don(Wyziwyg)T
28-Nov-10 - 11:38 AM
Thread Name: BS: Subsidy to Ireland to increase UK deficit
Subject: RE: BS: Subsidy to Ireland to increase UK deficit
""In case anybody is still interested in the topic of this thread, it was reported on BBC Breakfast News today that Mainland Britain has a trade surplus situation, vis-a-vis Eire, of approximately £7 billion per annum, so, far from taking money from our poor to subsidise the Irish economy, it would appear that we are returning this year's profits as a loan, in order to protect the profits of future years, in the full expectation that this will also enable the repayment of the loan in due course.

Seems a reasonable bargain to me.

Don T.
""

As I pointed out some time ago, while others were busty slagging each other off in the wrong thread for that activity.

This morning Alan Johnson (New Labour) declared, in a TV interview, that the coalition government were right in making the loan to the Irish (our fourth largest trading partner), and had all party backing for that action.

Don T.