Monday, Jan 19, 2009
The Nightmare Continues
Telegraph: National debt will be three quarters of country's wealth
Britain's national debt will be worth almost three quarters of the country's total economic wealth by next year, the European Commission warned yesterday. predicted that the latest banking bailout scheme would "very, very rapidly" dig Britain deeper into an even deeper public spending black hole and blamed Gordon Brown for failing to "consolidate" during the boom years.
Posted by sovietuk @ 08:33 PM (408 views) Add Comment
4 Comments
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4. stillthinking said...
This kind of stuff is all over the place, and gilt yields are going up. I hope this isn't the week everything kicks off.
Thank god I don't have any savings.