George Osborne’s recent warnings of certain threats that the UK is facing in 2016 stirred a noticeable media-attention. Yet, those who would be interested in the whys, are presented with a mere cocktail of contradictions and fear-mongering. Despite the best efforts of a Guardian article we are left without the actual explanation why Osborne’s cocktail of threats and why the crisis in the first place.
The author of above Guardian post only tackles the surface of the reasons, without revealing them in full.
“The chancellor claims Britain is “living within its means”, but our borrowing from the rest of the world rose to record levels. We have to borrow because we buy far more from the rest of the world than the rest of the world buys from us. And because we’ve borrowed so much money, and sold off so many assets, the payments due to the rest of…
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