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Really struggle to see how the UK remains united after this.
On the bright side, should be some nice investment opportunities in a couple of years once the Tories have quadrupled the debt and flogged the poor out of existence.
"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain
On the bright side, should be some nice investment opportunities in a couple of years once the Tories have quadrupled the debt and flogged the poor out of existence.
In the last 10 years, the government debt has increased from £1tn to £1.8tn. In percentages of GDP, it's gone from 67% to over 85%.
The deficit is better than it used to be, now around £25bn a year.
Last time the country ran a budget surplus was under Blair. Previous surpluses were under Wilson and Attlee.
So, the question has to be, how does the country do an Amy Winehouse and go Back to Black?
In the last 10 years, the government debt has increased from £1tn to £1.8tn. In percentages of GDP, it's gone from 67% to over 85%.
The deficit is better than it used to be, now around £25bn a year.
Last time the country ran a budget surplus was under Blair. Previous surpluses were under Wilson and Attlee.
So, the question has to be, how does the country do an Amy Winehouse and go Back to Black?
Except quite a chunk of the increase in HMG debt has been on the back of the uncertainty over the last three years killing off huge amounts of inward investment. We can already see a boost in the markets and the pound (a two-edge sword that, to be fair) and should see more national income generally which would reduce the need for HMG borrowing.
Wait a year, then write us off. Right now we are still emerging, blinking in the light.
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