@ChrisMayLA6 currently, the government isn't able to balance (tax receipts >= spending) the budget. The shortfall is made up by selling gilts on the bond markets. The yield (interest rate) for a 10 year government bond is ~5%. Somebody is always making a profit.
However, the one positive from this is that a lot of gilts are bought by UK pension funds (so at least some of that money is going towards UK pensions rather than anonymous American health megacorps).
J
john234@mastodon.social
@john234@mastodon.social
Posts
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The NHS is (and has been for such a long time) suffering budgetary constraints, but now we know where a slice of that shortfall is going: In two years private health providers made £1.6bn in profits from their work in the NHS. -
It bothers me that many people probably don't rotate their cupboard dinner plate stack when replacing clean ones.@fesshole reminds me of watching Dame Maggie Smith giving a similar lecture about linen rotation in a BBC period drama.