Alan Harper's Tash
Well-Known Member
- Joined
- 12 Dec 2010
- Messages
- 50,402
It’s already stable. There’s no fear the debt repayments can’t be met.
If you earn £100,000 per year, you don’t worry about borrowing £360k on a mortgage so long as you can meet the payments. There’s zero fear that the U.K. will default (which was your suggestion).
It wasn’t, apologies if that’s how it came across. I was basically asking what is stopping the government writing all debts to it whilst we are doing this. Give local councils money to regenerate infrastructure etc when it is safe to do so.