Yesterday the Government debated the Fiscal Responsibility Bill, in the House of commons.
My interpretation was as follows.
The aim was to try and cut the size of Government debt over 4 years.
In my mind it was too little and far to late.
Whatever Government gets elected are going to have to have a whole series of plans from day two, as interest rates begin to rise.And they probably will as this Government tries to float a record amount of debt each year.
If we are not careful this could end up in a full blown crisis, especially if the Government can't sell the Government debts.The Pound would probably collapse.
I am going to hibernate for the next 20 years, anyone coming with me.
