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The UK Government is now borrowing money at 5.4% to fund spending and refinance debt.

This is more expensive than a mortgage and the cost of borrowing is going up in a vertical line.

The last time it was this expensive was in 1998 when the debt pile was 6 times smaller.

The market thinks the UK economy is screwed. Is the market correct?
𝕋𝕣𝕦𝕖 π”Έπ•Ÿπ•’π•£π•”π•™π•ͺ
Trying to end misgovernment merely by changing the party is like an alcoholic solving his problems by switching from whisky to rum.
- James Bovard
𝕋𝕣𝕦𝕖 π”Έπ•Ÿπ•’π•£π•”π•™π•ͺ
"The greatest evils in the world will not be carried out by men with guns, but by men in suits sitting behind desks."
- C.S. Lewis
𝕋𝕣𝕦𝕖 π”Έπ•Ÿπ•’π•£π•”π•™π•ͺ
2025/01/13 10:49:24
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