The certain road to national bankruptcy

Thursday-Friday blog

Does immigration increase national wealth?

Our useless, lying, fake Conservative government has massively increased immigration to 1,200,000 in 2022 while promising us it wants to bring the numbers down to the ‘tens of thousands’. The spurious reason given by the open-borders Establishment for ever more immigration is that immigration will supposedly increase our national wealth. After all, won’t most of these migrants be hard-working, tax-paying citizens who are delighted to have come to our freedom-loving country and who will make a positive contribution to our country and not (as I and many other people suspect) poorly-educated, mostly unemployable, benefits-scrounging, UK-hating, violent, imbecilic parasites intent on bringing their whole village of dependents and all kinds of other human garbage to the UK by claiming they are beloved relatives?

Britain’s GDP seems to be increasing:

But so is the UK population:

Here are a few figures which suggest that the Establishment’s claims about the positive contribution migrants will make are complete and utter hogwash:

• in 2000 our (official) population was 58,850,043, government spending was �645bn – that’s �11,120 per capita
• in 2005 our (official) population was 60,383,741, government spending was �831bn – that’s �13,850 per capita
• in 2010 our (official) population was 62,760,039, government spending was �971bn – that’s �15,661 per capita
• in 2015 our (official) population was 65,224,364, government spending was �964bn – that’s �14,831 per capita
• in 2019 our (official) population was 66,778,659, government spending was �991bn – that’s �14,791 per capita

So, in the 19 years from 2000 to 2019 (the last full year before the Chinese lab-leaked plague), spending per person has gone up around 33% from �11,120 per capita to �14,791 per capita after peaking in 2010 to �15,661 per capita. If all the millions of wonderful people invading our once great country were hard-working, self-reliant individuals, then government spending per capita should have decreased, not increasesd by 33%

More people, more in debt

Now let’s look at another set of figures – how much the government collects in tax minus how much it spends:

• in 2000 government tax receipts were �315bn and spending was �645bn – giving a deficit of �330bn
• in 2005 government tax receipts were �403bn and spending was �831bn – giving a deficit of �428bn
• in 2010 government tax receipts were �454bn and spending was �971bn – giving a deficit of �517bn
• in 2015 government tax receipts were �532bn and spending was �964bn – giving a deficit of �432bn
• in 2019 government tax receipts were �633bn and spending was �991bn – giving a deficit of �358bn

I have a feeling that most of our MPs and journalists don’t understand the difference between deficit and debt. Probably most voters don’t understand this either. That’s possibly why, when a budget is on the way, we get politicians and journalists claiming that the Chancellor has “�20 billion” or “�30 billion” or �-whatever-billion to pay for tax cuts. But, of course, while you have a deficit your debt increases:

So, as long as there is a deficit, the Chancellor should not be giving any tax cuts.

Moreover, the ludicrously-misnamed Office for Budget Responsibility informs us that: ‘In 2022-23, we expect debt interest spending to total �83.0 billion. That would represent 5.2 percent of total public spending, and is equivalent to �1,900 per household and 2.5 per cent of national income.’ Though debt interest is expected to rise in 2023/4 to around �116bn, making debt interest the third highest item of government expenditure, much higher than education, policing or defence:

(left-click on images, then left-click again to see more clearly)

So, in spite of the supposedly wonderful contribution made by the millions of migrants, our government keeps on having to tax us ever more while also borrowing vast amounts of money to pay for our ever-worsening public services – our collapsing NHS, our impotent military, our joke-woke police, the unutterably useless Home Office, our failing education system and so on.

It is far from obvious that open-borders migration is making our country a wealther, healthier place to live.

In a way, I’m not sure the coming Labour government can be much worse than the bunch of lying, self-serving, expenses-looting, incompetent charlatans currently pretending to rule us. It’s likely that financial markets will soon lose all confidence in whatever government we have and so will make UK government borrowing so expensive that Labour will find they can’t tax us any more than the fake Tories are doing and so may have to make real cuts to government spending to avoid national bankruptcy. Let’s hope someone in the Starmergeddon government has the IMF’s phone number so we can call them to beg for a bail-out, as happened under a Labour government in 1976, when the borrowing taps dry up.