we currently have a horrendous national debt

one of the highest debts of any country. If outside investors from other countries lose confidence in the british economy (the highly likely after effect of a hung parliament being announced) then this could force the gov to push up interest rates in order to defend our currency. To have any effect, it is being reported in many financial journals that mortgage costs could rise by as much as 10pc. Now we all know what then happens...

not a good scenario.

at the moment for every 4 quid the gov spends it needs to borrow one and the only reason that this is not reflected in rates is tht the bank of eng has rigged the market with 200bn of gilts.

imagine if investors decided that the gilts were no longer worth investing in... Greece mkII could be just around the corner but much closer to home.

Posted By: Tony Martin on April 27th 2010 at 10:21:23

Message Thread

Nick Clegg on radio 5. I am very impressed by his manner (General Chat) - shoddy, Apr 27, 09:21:45
- I read a comment on a Torygraph article referring to Labour as "Zanuliebore". (General Chat) - Arizona Bay, Apr 27, 09:29:34
  - Not saying it was born here... (General Chat) - Jim Nasium, Apr 27, 09:38:52
  - Am enjoying the Tory press panic about libdemmery (General Chat) - Tricky Hawes, Apr 27, 09:33:26
    - hung parliament would be pretty bad. would rather any political party (General Chat) - Tony Martin, Apr 27, 09:41:28
      - would it bollocks (General Chat) - Ralf Scrampton, Apr 27, 09:47:45
        
        um yes it would you silly scrammers read up on it and you'll understand (General Chat) - Tony Martin, Apr 27, 09:54:35
        
        whil it's true that there might be a very short term effect on the value of sterling (General Chat) - Ralf Scrampton, Apr 27, 10:10:24
        
        we currently have a horrendous national debt (General Chat) - Tony Martin, Apr 27, 10:21:23
        
        funny you mention Greece, what with them having a single ruling party n'all (General Chat) - Ralf Scrampton, Apr 27, 10:49:56
        
        It is a fair point that a hung Pt puts us in novel territory (General Chat) - Old Git, Apr 27, 10:53:19
        
        personally i think the hung parliament is something of a red herring (General Chat) - Ralf Scrampton, Apr 27, 10:58:00
        
        Agree we're up the economic creek (General Chat) - Old Git, Apr 27, 11:09:43
        
        ... if ... could ... could ... if ... could ... (General Chat) - Arizona Bay, Apr 27, 10:24:13
        
        thats how you debate and argue things that HAVENT happened! (General Chat) - Tony Martin, Apr 27, 10:28:20
        
        no. You'd never ridicule others' opinions (General Chat) - Tricky Hawes, Apr 27, 10:29:57
        
        ever heard of tongue in cheek (General Chat) - Tony Martin, Apr 27, 10:32:12
        
        Get a room, you two (General Chat) - Old Git, Apr 27, 10:42:05
        
        As if by magic, the Shopkeeper appeared ... (General Chat) - Arizona Bay, Apr 27, 10:38:23
        
        i love Mr Benn, (General Chat) - Ralf Scrampton, Apr 27, 10:52:14
        
        That there Germany has had a coalition for a while. haven't they ?? (General Chat) - Arganth, Apr 27, 10:14:02
        
        uh oh (n/m) (General Chat) - Yellalee, Apr 27, 10:05:50
        
        it's alright, i have read up on it, that's why i know he's talking bollocks. (n/m) (General Chat) - Ralf Scrampton, Apr 27, 10:11:31
        
        this is where you let yourself down scrammers. instead of saying someones (General Chat) - Tony Martin, Apr 27, 10:26:25
        
        in your opinion (n/m) (General Chat) - Tony Martin, Apr 27, 10:22:37
      - right on cue. (General Chat) - Tricky Hawes, Apr 27, 09:41:58
        
        lol, nah there's a big siren goes off when you and scrammers post (n/m) (General Chat) - Tony Martin, Apr 27, 09:44:43
        
        ha ha (n/m) (General Chat) - Tricky Hawes, Apr 27, 09:45:01
    - I know, it is quite entertaining. What I like best is the sheer lack of any subtlety. (General Chat) - Arizona Bay, Apr 27, 09:39:06
      - I'd Deela a good Shafiting any day (n/m) (General Chat) - Old Git, Apr 27, 10:46:23
      - I'm glad you have weighed up the intricacies of differing political policies (General Chat) - Jim Nasium, Apr 27, 09:45:42
        
        Lucky I don't live in Bristol, I genuinely would have a voting dilemma. (General Chat) - Arizona Bay, Apr 27, 09:48:13
      - mmm, Bristol (n/m) (General Chat) - Ralf Scrampton, Apr 27, 09:43:10
  - is it not a reference to Zanu PF the zimbabwean political party (n/m) (General Chat) - Tony Martin, Apr 27, 09:33:16
- Why don't you vote? (General Chat) - Jim Nasium, Apr 27, 09:26:26
  - I have never voted in a general election. (n/m) (General Chat) - shoddy, Apr 27, 09:39:19
  - Cos he a dirty stinking Froggie... (General Chat) - Arganth, Apr 27, 09:38:02
    - * shrugs * (n/m) (General Chat) - shoddy, Apr 27, 09:39:51
      - ^^ Very gallic. (n/m) (General Chat) - Arizona Bay, Apr 27, 09:40:51
        
        Yip. (General Chat) - Arganth, Apr 27, 09:44:21
        
        Completely gone. in January they were 10 points clear at top (General Chat) - shoddy, Apr 27, 09:59:05
        
        lol (n/m) (General Chat) - shoddy, Apr 27, 09:41:29

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