We're back to summer of 2007, in bonds.
We all remember what happens next, but this time the Chancellor has no funds left to bail anyone out.
https://laeserin.blossom.band/1b345dce6d6c47850f4760fe8ea...
Alistair Darling didn't have funds either, but he did have access to credit markets.
Not sure John Healy has the same benefitbat this point. Might need to just outright monetize the debt directly by selling directly to the BoE's money printer...
Not sure John Healy has the same benefitbat this point. Might need to just outright monetize the debt directly by selling directly to the BoE's money printer...