I am generally a glass half full type of person but I find the current scenario quite scary. Not for us but our children or possibly even their (as yet unborn) children. Those sort of figures won't be paid off in just a few years. Who owns the government bonds i.e. the loans? There was a time last century when it would just be British people but now it will be the Chinese etc.
If a family business is in trouble because there is not enough money coming in to meet all the outgoings then they cut back or perhaps do a fire sale. I don't think many business advisers would say just keep borrowing more money without changing the way the business is run!
What a difference between Germany and Britain. The Germans are second in the world league after China of exporting more than they import and we were second from the bottom only beaten by the USA. Interestingly Spain is fourth from the bottom.
varche
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Topic: £196,000,000,000 Going Up! (Read 2962 times)