Doomed! - Britain can't spend its way out of recession

[sasguru]

"The U.K. depends on the global capital markets to stay afloat. Scare away international investors and the country could turn very quickly into another Iceland. There is no doubt the U.K. is slipping into deep trouble. "

http://www.bloomberg.com/apps/news?p...6xw&refer=home

[OwlHoot]

"The U.K. depends on the global capital markets to stay afloat. Scare away international investors and the country could turn very quickly into another Iceland. There is no doubt the U.K. is slipping into deep trouble. "

http://www.bloomberg.com/apps/news?p...6xw&refer=home

and I'd have thought the best way to scare away international investors is to reduce interest rates.

Oh dear - doomed

[AtW]

Pound is dropping line a stone, who would want to buy securities nominated in pounds if there is a serious risk of value decreases? Especially given imminent rate cuts that I do hope will happen this month...

[HairyArsedBloke]

In other news ... His Holiness is spotted taking an extra roll of Andrex when he went for his morning constitutional in the Vatican Woods today.