UK Government borrowings are now at almost 100% of GDP. That should be a sort of ceiling if we do not want to go down the Greek path to bankruptcy. So if the state wants to spend more it must raise taxes which are already at a 70 year high. One group of public sector workers who think they should earn more, paid for by folks who – on a mean average basis – earn far less than them paying more tax, are the junior Shipmans. Meet James who is 28 and explains his financial woes to this week’s Investor’s Chronicle as you can see below.
Come on folks. Dig deep. Let’s all pay a bit more tax so that James, aged 28, can upgrade from his £450,000 mortgage free flat to a million quid house. Think of the economic misery he and his peers are suffering and get your cheque book out now.