Dat het met England niet goed gaat de laatste tijd was al bekend. De vooruitzichten op langetermijn zijn echter nog veel beroerder. Grote kans dat binnenkort het IMF (International Monetary Fund) England zal moeten bijspringen om het land financieel draaiende te houden.

Let's think the unthinkable for a moment. These are the facts:

Even before the financial crisis, the British Government spent roughly £30billion more per year than it earned in tax revenues. This money, of course, had to be borrowed from international investors.

Today, the Government needs up to £200billion a year for at least the next three years in order to meet its spending commitments. But the Government's estimates invariably understate its true need, and they have to be continually revised upwards.

Before the crunch, total government debt stood at roughly 40 per cent of GDP. It is now around 60 per cent of GDP, but is projected to soar close to 100 per cent in the next few years. But again, that is not the full story.

...

There may be other, hidden, liabilities. After this week's shocking revelation of secret loans of £62billion made by the Bank of England to the Royal Bank of Scotland and HBOS at the height of the credit crunch, who knows how many other skeletons remain in the Treasury's closet?

Lees meer:
http://www.dailymail.co.uk/news/article-1231563/Is-Britain-brink-financial-armageddon.html#ixzz0YckNJeRt