Tuesday, January 22, 2013

More borrowing: where does it all end?

Public borrowing higher than expected in December

"Britain's government borrowed slightly more than expected in December as the economy continued to struggle, thwarting efforts to erase a large budget deficit and adding to pressure on the UK's credit rating". "The figures are unlikely to deter speculation that Britain will lose its coveted triple-A credit rating, which is already on negative outlook with all three major ratings agencies".

Posted by alan @ 01:26 PM (1809 views)
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4 thoughts on “More borrowing: where does it all end?

  • I’ve got tinnitus from the sound of the can being kicked down the road for the last 4 years……….
    I think it ends with a catastrophic event…. i dont even want to say what.

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  • anyone surprised?

    thought not. holding down house prices is very, very expensive.

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  • – I mean holding down interest rates….half asleep!

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  • Normally there is no plan. Just hope. Kick the can and hope:
    a) things last until you can complete you terms in office and retire with some nice advisory role from large corps you helped during you terms in office. see Tony Bliar.
    b) Something comes up. Muddle through.

    Or the few who do have a plan will normally include starting and war of some type to distract the masses.

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