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Where does government get half a trillion pounds? |
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Written by Jamin
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Thursday, 09 October 2008 |
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It certainly wasn't hiding under someones mattress.........
Issuing bonds and gilts is a start.. but it's not the end.... and has the government (we) enough money to stay solvent and pay back all these new bonds and gilts. Which coincidentally have doubled the amount of borrowing in 2008.
The answer is no body knows... some analysts think the UK has a 1 in 20 chance of defaulting on this borrowing.... who exactly will buy bonds in these times....
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