Chippy_boy
Well-Known Member
I have already. Our 10 year guilt yields are perilously high due to the market's view of our perilously high borrowing and the genuine prospect that the UK may default on its debts. You do understand that's what guilt bond yields are? A measure of how likely the markets think the UK may go bust.Tell me why the UK economy is close to bankruptcy.
Reeves et al cannot just keep burdening the UK with more and more debt, nor tax rises. The last tax and borrowing rises were the greatest in about 50 years, and now everyone is expecting more in the Autumn. We are on a downward spiral - higher taxes, more borrowing, higher debt interest rates and higher debt interest, more taxes, more borrowing. And if it continues, with no improvement, we WILL go bust.
The markets briefly panicked when Reeves was blubbing, not because she's doing a great job - she isn't - but they reckon she at least understands the severity of the situtation, unlike some of her idiot mates who advocate just taxing and spending more and more. And they (the markets) were scared shitless about who might come next.
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