The National Insurance Fraud…I mean ‘Fund’. Part 1

Im sick of this ‘not enough money for the NHS’ nonsense, so I’m going to give the converse side of the coin. Something that not a lot of people are aware of.

The National Insurance Contributions we pay collectively form the National Insurance Fund, a giant pot of money which is then used by the government for NHS funding and to provide companys funding and financial protection from insolvency etc.

In 2005/6 the National Insurance Fund had a surplus of over £36 Billion. The Debt Management Office have estimated that by 2012, this surplus will rise to £114.7 Billion.

£114.7 Billion sitting in a pot. Doing nothing.

This surplus is then loaned by the Debt Management Office to the government with interest attached and the condition that they can only spend the loan on ‘investments’. I say ‘investments’ because the government has a very loose definition of what is considered an investment and do in fact consider ‘gilt-edged securities’ (stocks and bonds), to be ‘investments’.

Which leads me back to the original point, why is this surplus not being spent on the NHS? Because when the government decide their budget, they do not decide how much money is in the pot and how much they can spend. They decide how much they have to allocate and at the same time, how much can be loaned in order to float for profit.

The less money they spend. The more they can lend. The more they lend. The more they profit.

But who’s money is this? It’s ours, and that’s certain because this is a public fund. A public fund that anyone can access, and a surplus that anyone can access.

…Something nice to think about. Part 2 coming soon.


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