If you had only promoted buying malt whisky, or the blended derivatives. I believe half the price or more goes straight to the Treasury, so if people really want to help the government and themselves then they should go for the hard stuff, or petrol, or ciagrettes, whichever they like the most. Or employ someone, that's a massive contribution to the HMT.
On the other hand, you made an early and excellent point about revealed versus stated preferences, and for that we should be grateful. Thank you Tom.
When talking about humongous numbers it’s nice to break then down into relate-able chunks to understand them better.
According to the OBR the interest bill for the U.K. national debt for 2023-24 was expected to be £94 billion. That equates to about £180,000 per minute.
So the half dozen well meaning individuals have with their £700,000 donation paid for 4 minutes worth of interest on the debt. Which is less than the interest racked up while I looked up the interest bill with Mr Google’s assistance and typed this note.
While every penny helps, this generosity is of course utterly insignificant to the debt situation.
A side effect of your ingenuity will of course be that the government gets more money to spend.
Unintended consequences I'd say.
If you had only promoted buying malt whisky, or the blended derivatives. I believe half the price or more goes straight to the Treasury, so if people really want to help the government and themselves then they should go for the hard stuff, or petrol, or ciagrettes, whichever they like the most. Or employ someone, that's a massive contribution to the HMT.
On the other hand, you made an early and excellent point about revealed versus stated preferences, and for that we should be grateful. Thank you Tom.
When talking about humongous numbers it’s nice to break then down into relate-able chunks to understand them better.
According to the OBR the interest bill for the U.K. national debt for 2023-24 was expected to be £94 billion. That equates to about £180,000 per minute.
So the half dozen well meaning individuals have with their £700,000 donation paid for 4 minutes worth of interest on the debt. Which is less than the interest racked up while I looked up the interest bill with Mr Google’s assistance and typed this note.
While every penny helps, this generosity is of course utterly insignificant to the debt situation.