Famous quote by Daniel Hannan

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The truth, Prime Minister, is that you have run out of our money. The country as a whole is now in negative equity.
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"The truth, Prime Minister, is that you have run out of our money. The country as a whole is now in negative equity. Every British child is born owing around 20,000 pounds. Servicing the interest on that debt is going to cost more than educating the child"

- Daniel Hannan

About this Quote

In this quote, Daniel Hannan is resolving the Prime Minister and stating that the truth is that the federal government has spent all of the country's cash. As a result, the whole nation is now in a state of negative equity, implying that the overall value of properties is less than the total amount of debt. Hannan goes on to discuss that every British child is born with a financial obligation of around 20,000 pounds, which is a significant burden for future generations. He likewise points out that the interest on this financial obligation will be more expensive than offering education for these kids. This quote highlights the alarming monetary situation of the country and the consequences it will have on future generations.

About the Author

United Kingdom Flag This quote is written / told by Daniel Hannan somewhere between September 1, 1971 and today. He/she was a famous Politician from United Kingdom. The author also have 7 other quotes.

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