Oh No! - Not another General Election....
From Market Matters January 2010
I hope you had a profitable Christmas and your mattress is bulging with £10 notes. Don’t forget to declare all your takings to HM Revenue and Customs as they need your support. According to last month’s estimates the national debt is now £830 billion and will hit a staggering £1.5 trillion in 2014/15 before peaking at £1.8 trillion in 2032. UK plc is well and truly maxxed-out to it’s credit limit and for the next decade the UK will be paying more on servicing it’s debt interest than on educating its children. With the Bank of England currently printing the equivalent of £1 billion per day little wonder the value of sterling is falling against foreign currencies. Look at the way the exchange rate for the Pound has fallen against the Euro.
