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We pointed out yesterday that the uncovered gilt auction was troubling if not - yet - the end of the world.
The FT’s resident economics guru Chris Giles has a flabbergasting explanation of the scale of the debt the government is raising in the next two years: £350bn.
“That is more debt bequeathed to its successor than the total borrowed by successive rulers and governments of Britain between 1691 and 1997, the year Labour was elected.”
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Now will the BBC, the other UK broadcasting media and the Conservative Party begin to put the message across to the British electorate?????
A start could be made by screening the Dan Hannan Devalued Government three minute video IN FULL!!
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