Falcor Roar Posted April 13, 2015 Share Posted April 13, 2015 Thought it might be worth starting a thread to discuss the amount of WONGA that the Westminster governments shovel down the drain. I'm into finding figures, both facts and predicted projections for policy which was either unwise or just plain mental. I'll get the ball rolling; Trident, I've read figures of up to £130 Billion over 30 years? Anyway we've spent £1.24 Billion already on this vanity project. http://www.theguardian.com/uk-news/2015/jan/17/trident-future-election-agenda-costs-spiral-nuclear-submarines Repayments of £10.1 Billion per year by 2017/18. Some PFI hospitals could cost NHS trusts 12 times as much as the capital outlay. Thanks New Labour. http://www.theguardian.com/news/datablog/2012/jul/05/pfi-contracts-list The worst thing about politics is we don't hear enough figures. I like pie charts too if anyone can find any of interest. Link to comment Share on other sites More sharing options...
strichener Posted April 13, 2015 Share Posted April 13, 2015 I like pie charts too if anyone can find any of interest. Link to comment Share on other sites More sharing options...
I'm Brian Posted April 13, 2015 Share Posted April 13, 2015 I like pie charts too if anyone can find any of interest. Sorry This http://www.expressandstar.com/news/2015/02/07/almost-1-billion-already-spent-on-hs2/ This Wembley was designed by architects Foster + Partners and Populous (known as HOK Sport at the time of the design phase and construction) and with engineers Mott Stadium Consortium, who were a collection of three structural engineering consultants in the form of Mott MacDonald Ltd, Sinclair Knight & Merz and Aurecon. The design of the building services was carried out by Mott MacDonald Ltd. The construction of the stadium was managed by Australian company Brookfield Multiplex and funded by Sport England, WNSL (Wembley National Stadium Limited), the Football Association, the Department for Culture Media and Sport and the London Development Agency. It is one of the most expensive stadia ever built at a cost of £798 million (After the MetLife Stadium)[11][12] and has the largest roof-covered seating capacity in the world. Nathaniel Lichfield and Partners was appointed to assist Wembley National Stadium Limited in preparing the scheme for a new stadium and to obtain planning and listed building permission for the development.[13] This The eventual successful project, organised by Eurotunnel, began construction in 1988 and opened in 1994. At £4.650 billion, the project came in 80% over its predicted budget Why is it capital projects in England seem to massively go over budget. Wembley in particular was a major league clusterfuck that simply leached money. Link to comment Share on other sites More sharing options...
AUFC90 Posted April 13, 2015 Share Posted April 13, 2015 I wonder how much we paid towards Wembley and The Channel Tunnel. Link to comment Share on other sites More sharing options...
Granny Danger Posted April 13, 2015 Share Posted April 13, 2015 Can we do a 'kick her in the pie' chart? I reckon Margaret Curran would figure seriously. (Sorry) Link to comment Share on other sites More sharing options...
I'm Brian Posted April 13, 2015 Share Posted April 13, 2015 Can we do a 'kick her in the pie' chart? I reckon Margaret Curran would figure seriously. (Sorry) Link to comment Share on other sites More sharing options...
Jim McLean's Ghost Posted April 13, 2015 Share Posted April 13, 2015 Considering Scotlands "black hole" would be £7.6bn with full fiscal autonomy (as the MSM like to remind us over and over again) BUT £12.4bn as things currently stand (which the MSM seem to forget about). We can conclude that Scotland subsidizes UK wide vanity projects by £4.8bn per year (excluding defence and foreign affairs) I thought the £7.6B was on top of the current annual deficit? Our per person share of debt was £12.4B but the actual Scottish deficit was £20B. Link to comment Share on other sites More sharing options...
Michael W Posted April 13, 2015 Share Posted April 13, 2015 The 'black hole' is the difference between Scotland's deficit and that of Westminster's - plugging the 7.6Bn gap would leave us with a deficit the same as Westminster's. 13/14 wasn't a good year for Scotland, unfortunately. Link to comment Share on other sites More sharing options...
AUFC90 Posted April 13, 2015 Share Posted April 13, 2015 I thought the £7.6B was on top of the current annual deficit? Our per person share of debt was £12.4B but the actual Scottish deficit was £20B. It can't be on top. Our deficit has never been close to 20bn. We don't have a quarter of the UK deficit. We have been in a better position than the UK 2 out of the last 4 years and 7 out of the last 10 years. You can bet your bottom dollar that there wouldn't be the slightest mention of Scotland's deficit if this was one of the years where we are ahead of the UK. Link to comment Share on other sites More sharing options...
AUFC90 Posted April 13, 2015 Share Posted April 13, 2015 I don't know why the SNP never bring up the billions that are ripped out of the Scottish economy for capital projects in the South of England. HS2 is predicted to cost Scottish taxpayers around 8-10 bn and Crossrail between 3 and 6bn. Don't forge that the likes of whiskey revenue and a lot of Scottish corporation tax is counted as English tax. Link to comment Share on other sites More sharing options...
Granny Danger Posted April 13, 2015 Share Posted April 13, 2015 jkhbjbjhb.jpg I reckon that's an underestimate tbh. Link to comment Share on other sites More sharing options...
Falcor Roar Posted April 13, 2015 Author Share Posted April 13, 2015 Apparently Scotland has provided more tax per head than all other UK nations since 1980, except for 2014 accounting for this 'blackhole'. http://en.wikipedia.org/wiki/Government_spending_in_the_United_Kingdom The end of this article explains oil industry forecasts a 14% rise in production to 2018. http://www.telegraph.co.uk/news/politics/10692466/Scots-each-receive-1300-more-spending-despite-oil-tax-drop.html £11.4 Billion in 2012 and 13 Billion 2013 invested by oil companies. The public investment is not mentioned (and I can't find it) other than there has been 'tax relief'. Falling oil prices and much needed investment and exploration of oil fields would account for a proportion of Scotland's 2014 'blackhole' Is this a blip in Scotland's accounts then? http://www.bbc.co.uk/news/business-21564947 'North Sea oil production is also at serious risk, certainly in terms of new wells that need an oil price of about $70-$80 to justify drilling. Indeed in a recent interview with Platts, the head of Oil & Gas UK said at $50, North Sea oil production could fall by 20%, dealing a hammer blow not just to the companies involved but to the Scottish economy as a whole.' Sounds likely that Scotland will run a bigger annual deficit than the rest of the UK for a few years but when viewed in the longer context we certainly contribute more than we get back. Link to comment Share on other sites More sharing options...
LongTimeLurker Posted April 13, 2015 Share Posted April 13, 2015 That article explains why the oil price will go back up again. Less investmemt for new supply will soon eliminate any excess production capacity globally. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.