Is England Bankrupt?

Answer 1

Not financially.
We have a bigger economy now than ever. The worlsd's sixth largest.
But morally? THAT is another question.

Answer 2

No. England, which forms a major part of the UK economy, is the 5th richest state on earth. England/UK is not bankrupt. We have just paid the final of our outstanding debt from WW2 to the Americans. It was for monies received in c1947 as part of the Marshall Plan.

The reason UK is cutting the Royal Navy by half, is that we no longer need such a big navy as was the case in the past. Also, at some future date, the Royal Navy will simply become part of a wider European force. The French may soon be building another two aircraft carriers. Well good for them. Why should we Brits have to spend our money when the French can do it for us?

In addition to all of the above, you must also consider that UK have the largest number of American forces actually based right here on the Island of Britain. Britain is a NATO member, just like the US of A. We now have such as Poland in NATO - they have a big army - do not under estimate Polish capability. We need their strength and welcome Poland. They fought with us in the Battle of Britain and it was the Polish Free Army which defeated the Germans at the battle of Montecaseno in Italy. Not us, not the Yanks and not even the feared Anzac's.

Answer 3

Not far off. Brown gave up our gold reserves for far less than face value. We pay the EU a fortune. Immigrants are costing us millions. We have a true figure 0f 5+ million out of work. We have the highest tax ever and the worst services supplied by any government ever. We have a government bankrupt of morals. We have a yob culture bankrupt of respect. So there are but a few pointers. If we were a business yes the UK would be bankrupt.

Answer 4

England as a country isn't but the average household is. Things are so expensive in england, I live in london and it's impossible for a person of my age (20) to but a house, the average house price in london reached 250k 02/01/07. Plus other expensive things such as food, clothes, going out, travel, & petrol etc. is you pay increasing? No...but everything else is...which causes people to use credit cards take out loans use a number of different banks and end up in debt making them bankrupt.

Answer 5

most G8 Countries operate in the red - there has always been debt in the uk ever since they trounced the frogs 200 years ago. Merchants and Shipbuilders charged the government and so ships could be built at an enormous rate while the frogs were stuck in the dark ages only building ships on cash available basis -

it is not necessary to have a large navy with the availability of stealth aircraft and technology. Air and Space power is what defines a nations power now - not naval.

Take a look at the the US debt - this war in iraq and afghanistan

Answer 6

Oh my God (oops blasphemy) How rude! you are the fool who chosen again to England so how dare you ***** approximately ethical values? ok - collectively as i don't believe the website 3 element as i don't think of it is mandatory, for God's sake (did it back) it is basically a bare physique. everybody has one under their clothing, it is only that human beings look fairly uptight approximately it and elect to think of that they don't. same with the "nudity" - that's not often incredibly finished nudity besides. I as quickly as observed a bare female in this Morning, yet she became giving start = starting to be existence, so as that would desire to make you happy. Oh my God (i won't be able to help it, i'm sorry). you're a guy (i'm assuming), so which you have not have been given any thought approximately abortion. you will possibly in no way might desire to be able the place abortion may well be an selection so it is trouble-free so you might declare. i don't think of it incredibly is a determination any female takes gently and it is totally aggravating, yet each so often mandatory to spare a infant from starting to be up unloved interior the destiny. Abortion isn't appropriate yet that would not make it incorrect, people who carry anti-abortion rallies outdoors abortion clinics are sick and heartless. i comprehend thousands of folk who circulate to Church, not me however because of the fact i'm not non secular. your toddlers are going to finally end up warped from staring in any respect that Christian crap. gay human beings are human beings too - there is not something shameful or incorrect approximately being gay. recover from it. Prostitution isn't exceeded over. it is unlawful besides the shown fact that it occurs, only like in another u . s ., which is composed of the US. no one supplies a sh*t in case you deliver your toddlers to college or instruct them at homestead. Do what you like. Now please do us all a favour and circulate back to the States. Or close up and be grateful you get carry of a visa.

Answer 7

Countries can't go bankrupt, but I think one of the rules of the EU was the members can't have a budget deficit.

Answer 8

im sure i read the other day that our country is worth 3trillion or something like that.

putting things in perspective, the money that needs to be made up in the usa to cancel out a pension problem is well over £45 trillion! thats more than quite a bit of europes worth but no one has done anything about it!

Answer 9

Financially? NO! Morally, and socially ? YES! Only a joke. No countries do not go bankrupt.

Answer 10

Yes, if it was a company, it would have to cease trading. Particularly, if you bring future Pension and PFI obligations onto the balance sheet. It would be even worse if we acknowledged that house prices are grossly over-valued.

Answer 11

To the contrary, within the last month England finally made the last payment to the US for her debt to the US. from WW2.

Andrew F-you forgot about your degrees in Modesty and Diplomacy (Frogs?? really)