On the day that Rachel from accounts announces increased government spending for the next 5 years, gilts drop .1%
The Bank of Englsnd is buying.
Economic insanity.
Ten years ago the government could borrow at 2%. Those 10 year bonds have to be refinanced at 4.8%, the current bond rate.
The cost of borrowing will more than double from 8bn a month to 16bn, over 100bn a year.
And there is nothing Rachel from accounts can do about it.
Interesting times.
10 year gilt rate, 4.8%
January is the only month when the treasury receives more in tax than it spends, which allows it to pay off some maturing debt from income.
Come February and all debts due will have to be paid by issuing new bonds.
Debt has passed 3trn
300 illegal immigrants a day and Twitter goes berserk
The UK issues 3000 visas to immigrants every working day of the year. Total silence.
Perspective, dead cat.
If Khan was serious about air quality and health, he would donate all the ULEZ charges to a hospital specialising in asthma.
He might also tackle air quality on the underground.
He will do neither.
It's not about health, it's about money.
England was a much more peaceful & civilised country before:
• Mass immigration
• Multiculturalism
• Diversity
• Refugees
• Asylum seekers
• Cultural Marxism
• Political Correctness
• Black Lives Matter
Please RT if you agree.
@beverleyturner@GBNEWS Hi Bev, wish you'd interview me about vaccine injury. There are 1,000s of people like me, seriously, impacted by the vaccines, especially Astra Zeneca. I had a blood clot & much other nasty stuff. Over 5,000 replied to my Tweet: "Do you know anyone who has had a vaccine injury?"
This evening I will be leading a debate in the Chamber on the dangers of vaccine harms.
You might want to log in to parliamentlive.tv around 7.00pm if you would like to watch.
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Looking forward to President Trump cutting the shackles of socialism.
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'Like Mary Poppins with a machine gun'
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Pronouns: I / don't / like / fascists
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225 Followers 385 Following(Parody). UK Chancellor of Exchequer. LSE economics. Economist...or was it accounts or complaints? Can't remember. Mastermind topic: the working man.
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Looking forward to President Trump cutting the shackles of socialism.
Reform.
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