The UK's Credit rating has been cut, but the turmoil has also lowered the interest rates on new UK Bonds.The UK's credit rating is plummeting. Which means we can't borrow on the scale that we've been doing before. Which means spending cuts or higher taxes. Wasn't one of the gripes, listed on the Brexit campaign bus, that we were giving more to the EU than we were getting back, to the tune of 8bn or so? How much is the tanking economy going to cost us this year and following years?
Brexit: playing Russian roulette with a wakizashi.
So, oddly, the cost of borrowing has gone down.
See - this is what happens when you read the headline and not the article.
"If it wears trousers generally I don't pay attention."
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