Our current borrowing asa nation is through the roof. So much for the 'prudence' of our government. The levle of the National Debt is the highest for over 40 years. The bubble will burst for the UK economy very soon
I think that military involvement over seas has contributed significantly to the debt, so has unnecessary spending in the capital and the mismanagement of funds and the need for more and more literature to be printed in 70 differently languages and more and more translators, there are many factors, I do hope that the bubble will not burst, at least the Bank of English increased rates to try and halt the soaring house prices, I think we import far too much and export far to little and this has an impact on the coffers, driving farmers in the debt, now it is the turn of the dairy farmers, they are being forced to sell their milk at a price they cannot sustain a life off, we are slowly but surely running the country in to the ground. Outsourcing call centres, nice cheap labour but at what price? I would hate to see another recession in the UK but when all said and done, that is the way we are heading, looking at the latest statistics for home repossessions, it is on the rise which is always an indicator.
Bank of England, not the Bank of English -