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After all it is about the same amount as the price of a leading-edge fab, or two thirds of TSMC’s 2024 capex budget.
If a private company can afford that, surely a major country shouldn’t be too fussed about it.
Look at it another way – the UK has a £3 trillion economy and 22 billion is 0.73% of 3 trillion.
If a black hole means a gap between income and expenditure then, personally, I would not be over-vexed by 0.73% black hole in my personal annual budget.
So it’s puzzling that the government is making such a fuss about it and even more puzzling that people don’t point out that it is pretty small beer in the great scheme of things.
Dr Bob writes:
“Even more puzzling is that 10 million pensioners will have their winter fuel allowance removed to save £1.4 billion to the Black Hole is small beer. The lost £1.6 billion is more than a few small beers. Do I detect the work of the Abbott?”
In reply to Dr Bob
Ha Ha Dr Bob, Yes this has the fingerprints of the mathematically challenged Di all over it.
£22 Billion is ~£330 per person in the UK, or probably £1000 (probably more) for every worker.
Yes, but it’s an annual black hole. Totally different to the national deficit. Taxing everybody to the amount required to give all these ridiculous pay rises being handed out to all the communist led unions will drive the real wealth generators abroad.