rdn32

The other day I saw a rather alarming report produced by MoneyWeek magazine, entitled The End of Britain, predicting an imminent financial apocalypse. The claim was simple: over the past few decades the level of debt in the UK (private, corporate and government) had ballooned; that the only reason that this appeared sustainable was that interest rates were unusually low at the moment; and that as soon as they rose it would be curtains for Britain.
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