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Realistbear

I M F And Yet Another Debt Warning...yawn

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http://www.telegraph.co.uk/finance/economics/7976075/IMF-warns-over-UK-debt-in-call-for-global-fiscal-reform.html

IMF warns over UK debt in call for global fiscal reform
The International Monetary Fund has warned that long-term fiscal reforms will be required among advanced economies as it projected the UK's gross debt to gross domestic product would rise to 90.6pc in 2015.

I thought we were some 5TR in debt and were closer to 100% already.

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http://www.telegraph.co.uk/finance/economics/7976075/IMF-warns-over-UK-debt-in-call-for-global-fiscal-reform.html

IMF warns over UK debt in call for global fiscal reform
The International Monetary Fund has warned that long-term fiscal reforms will be required among advanced economies as it projected the UK's gross debt to gross domestic product would rise to 90.6pc in 2015.

I thought we were some 5TR in debt and were closer to 100% already.

YUP!!! The UK is not at serious risk of default like Greece or Portugal. The UK is merely in serious s***e and up to its eyeballs in debt like Ireland and Iceland. (Great company to be in.................. :unsure: )

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What they are actually saying is come on boys you promised cuts real cuts to deal with the deficit, so far u have done F all but talked on your nice 8 weeks holiday get your **** in gear or we will.

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What they are actually saying is come on boys you promised cuts real cuts to deal with the deficit, so far u have done F all but talked on your nice 8 weeks holiday get your **** in gear or we will.

So far the "Bonfire of the Quangoes" has failed to materialise and the big civil service cull is still in the realms of theory and future planning. I suspect the Koalishon are in secret talks with Sir Humphrey to find a way of making seem as if cuts were being made but resulting in the opposite. If the IMF finally twig it the Pound will sink into the 1.30's before Crimbo IMO.

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So far the "Bonfire of the Quangoes" has failed to materialise and the big civil service cull is still in the realms of theory and future planning. I suspect the Koalishon are in secret talks with Sir Humphrey to find a way of making seem as if cuts were being made but resulting in the opposite. If the IMF finally twig it the Pound will sink into the 1.30's before Crimbo IMO.

Well it seems the £ will sink even if they implement cuts, and we risk getting a credit rating cut (aka Ireland). Damned if we do, damned if we don't.

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  • 138 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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