Tuesday, December 29

The UK Government better be afraid next year

This is deeply worrying. The cost of servicing British debt is nearing Italian levels. And not only that, next year its going to be horrible. I quote:

That leaves a market accustomed to some £40bn supply facing an expected £225.1bn of new issues. To put that in perspective, the entire outstanding stock of gilts rose by a total of £220bn between 1980 and 1997, according to analysts at Barclays Capital.

Good Heavens, good thing I am considering other locations.., sheesh.

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