Those countries you list make stuff. They take raw materials, add value by applying a process to them and then sell the product. The difference between the cost of the raw materials and what they sell the product for is what pays for things.
In this country, I lend you a pound, you lend that same pound to 52 different people and somehow that makes money, except it doesn’t. So there is no money to pay for things. We can borrow, but just how are we going to pay that back? If we can’t afford these things now, so borrow instead, what is going to change to enable us to both service the mounting debt and continue to fund things at the proposed new level?
I’ve done ok financially. I puta big part of that down to never having to service debt. If you can’t afford it today, you can’t afford it tomorrow + interest.
I know the Tory party aren’t much better, but I think they are less reckless than Labour. Remember the note from the outgoing Labour administration? There’s no money left.