Interesting article by Liam Halligan in the Telegraph, a long time advocate of honesty about the cost of the bank bad debt, and the cost of the bailout. This time it is just admitting that by 2015 our debt will have merely stopped growing. As he puts it in laymans terms the first year we will not need to extend our mortgage.
Both sobering and incredible.
http://www.telegraph.co.uk/finance/comment/liamhalligan/8408664/Britains-leaders-should-come-clean-on-the-true-depth-of-the-fiscal-crisis.html
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