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One Billion giveaway
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dodgy
February 15, 2011, 1:41pm Report to Moderator

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Lets have some opinions on the Billion Pounds we are sending to help poor old India!
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Greenham Common
February 15, 2011, 2:19pm Report to Moderator

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It's a lot of money, but they are more impoverished than us.
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dodgy
February 15, 2011, 2:27pm Report to Moderator

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Lets not forget the millions we are paying back every day in interest on our National Debt and the poor old RAF kiddies we are having to  sack  to save a few bob! (by e mail)!
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Greenham Common
February 15, 2011, 3:33pm Report to Moderator

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I haven't forgot about that.  I haven't forgotten about the elderly we neglect, while we spend money on things that I suspect are morally inferior as well.
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jay
February 15, 2011, 5:40pm Report to Moderator

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Quoted from Greenham Common
It's a lot of money, but they are more impoverished than us.


It is the 11th largest economy in the world. It is spending $31.5bn on its defence budget and $1.25bn on a space programme. India also has more millionaires than the UK.  Hardly an impoverished country.
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78
February 15, 2011, 6:01pm Report to Moderator
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Quoted from jay


It is the 11th largest economy in the world. It is spending $31.5bn on its defence budget and $1.25bn on a space programme. India also has more millionaires than the UK.  Hardly an impoverished country.


There are lies, damn lies & statistics.
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Greenham Common
February 15, 2011, 6:21pm Report to Moderator

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Quoted from jay
India also has more millionaires than the UK.
They also have 1.15billion people who live there, compared to our 62million, that is over 18 times ours, so it is no-wonder they have more of a lot of things, which includes poverty.

If they are spending so much on defence, perhaps it is in our best interests to keep them sweet.  Does anyone know why we give £1b in aid?  I bet it isn't because we are just nice like that.
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26
February 15, 2011, 7:03pm Report to Moderator
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Quoted from jay


It is the 11th largest economy in the world. It is spending $31.5bn on its defence budget


With neighbours like theirs, it's hardly surprising.
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brian
February 15, 2011, 7:51pm Report to Moderator

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It's 1.6 billion over four years which is a fair lump of cash but, it's pretty much a spratt to catch a mackeral as the saying goes. The main purpose of the financial aid is to hope to improve out trading with India. I believe India still has a friendly relationship with the UK and I would much sooner donate money to their economy rather than that of some of the African states where the finance goes to Swiss bank accounts and buys Mercedes motor cars for the chosen few.

The flip side of the coin is that India may refuse further aid from the UK in order to stand on their own feet as a world power. You never know, they may be sending aid to us in a few years time as we struggle to balance our own books.
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noobree
February 15, 2011, 8:47pm Report to Moderator

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It's more or less a bribe - intended to ensure that our £4.7bn exports (2009) to India continue to grow as their economy expands.  

http://www.indiaonestop.com/tradepartners/uk/ukoverview.html

India is deeply corrupt (87th out of 187 on Transparency International's corruption perception Index - we were 20th, Denmark was 1st - ie least corrupt) which means that those in power in India have a lot of influence over who gets what trade deals.

This is the way the world works, I'm afraid.  How much of Mubaraq's $50bn-$80bn personal fortune was 'donated' by British taxpayers, you may well be wondering.

I'm sure our MP won't be happy to help with any Parliamentary questions aimed at getting answers to these interesting questions, but why not try asking him?  Wittering on here won't make any difference at all.
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noobree
February 15, 2011, 8:48pm Report to Moderator

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PS hadn't seen Brian's post when I deposited my last but 'snap'.  You following all this, Dodgy?
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jay
February 15, 2011, 9:14pm Report to Moderator

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Quoted from 26


With neighbours like theirs, it's hardly surprising.


Fair point, but they spent 1.2B on a space programme - invasion from Mars?
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brian
February 15, 2011, 9:50pm Report to Moderator

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Quoted from jay


Fair point, but they spent 1.2B on a space programme - invasion from Mars?


Space is where the big bucks are. They have the technology and probably the finances to get there. We gave up a long time ago when we scrapped blue streak. We do make a few satellites though so perhaps India might stick one up for us.
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dodgy
February 15, 2011, 11:12pm Report to Moderator

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Quoted from noobree
.  You following all this, Dodgy?


Nar...I went to bed hours ago!
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dodgy
February 15, 2011, 11:32pm Report to Moderator

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Quoted from noobree
It's more or less a bribe - intended to ensure that our £4.7bn exports (2009) to India continue to grow as their economy expands.  

http://www.indiaonestop.com/tradepartners/uk/ukoverview.html

India is deeply corrupt (87th out of 187 on Transparency International's corruption perception Index - we were 20th, Denmark was 1st - ie least corrupt) which means that those in power in India have a lot of influence over who gets what trade deals.

This is the way the world works, I'm afraid.  How much of Mubaraq's $50bn-$80bn personal fortune was 'donated' by British taxpayers, you may well be wondering.

I'm sure our MP won't be happy to help with any Parliamentary questions aimed at getting answers to these interesting questions, but why not try asking him?  Wittering on here won't make any difference at all.


Talking about that, did you see the price of mackeral in Tescos?
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