January 27, 2010

Markets must avoid UK Gilts, thanks to Labour

The government is currently paying its bills by printing money, but eventually it will have to stop that or risk very high inflation rates. When it does it could well find that there is nobody willing to lend to it thanks to the aweful position that Labour have gotten us into. Of course by that time they will have left office and so have the luxury of blaming their mess on the Tories, but it will still be Labour's mess.


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