Tuesday, November 25, 2008
Britain’s going bankrupt – keep selling sterling
"...we can't expect any soul-searching from the Government. Gordon Brown doesn't do mistakes. He won't admit he's wrong on his path for the economy. And that's why we haven't actually seen any massive change in direction here – it's just more of the same. We'll carry on as we were before - more borrowing, more public spending, and more taxes. And judging by previous experience, the current forecasts will be ludicrously optimistic. So who knows how deep the debt hole will really be next year. £130bn? £150bn? £200bn? Where does it end? Bankruptcy."