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UK's borrowing requirements (warning X rated - not for faint hearted )
As Guido said yesterday, "over £14 million an hour, 24 hours a day, 7 days a week."
How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.
Always a fan of market oracle. Author stays out of politics and just reports on the finances, which is a pleasant alternative to most of the mianstream media.
£3.5 trillion is indeed a frakking SCARY number, and to be frank its unmanageable, if we EVER got anywhere near that figure, Britain would be bankrupt, there really is no way out of that amount of debt.
I will be leaving my foreign assets as are, and NOT investing in anything Sterling for the time being, infact may well open a dollar and a euro account and keep ALL spare cash reserves ou of sterling.
Northern Rock, Winter of discontent, Not under Maggie, Interest rates should be 0%. My pension is big, my house has gone up 10% slurp slurp
oh and
The court heard Darren Upton had written a letter to Judge Sally Cahill QC saying he wasn’t “a typical inmate of prison”.
But the judge said: “That simply demonstrates your arrogance continues. You are typical. Inmates of prison are people who are dishonest. You are a thoroughly dishonestly man motivated by your own selfish greed.”
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