Wow, a fact that shows the trouble we’re in

Just listened to Andrew Neil on the Beeb’s THIS WEEK programme, where he announced this startling fact:

“To insure default on £10 million of German government bonds, the cost is £25,000. To insure the same sum in UK government bonds the cost is £85,000.”

Wowee. Now that’s a startling difference, which shows the international bond markets judgement on the UK economy.

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