Moneyweek again - this time they're serious

sjaypink

http://info.moneyweek.com/urgent-bulletins/the-end-of-britain/

Sorry if this has been posted already.
However, I couldn't risk not sharing this urgent information.

smartn

Oh dear, we are all doomed! Not like moneyweek to spout that is it. I guess if we subscribe to mneyweek we can all be saved?

sjaypink

I have subscribed, and bought a tin hat.

Generali

Blimmin' 'eck! That sounds bad.

To be fair, a lot of it is what I say about the welfare state and if something can't be afforded then it won't be. Whether that means the end of Civilisation as we know it? I have my doubts.

sabretoothtigger

I thought USA was on there somewhere and I guess they missed Japans latest 1.2tn



The doomsday scenario generally has to assume nothing changes when the whole deal is a fluid thing.

The main thing is to be caught off guard, have no time to adjust to varying tax returns or whatever negative. They can always adjust spending, it just wont be popular.



UK is actually best off in the world, for time as we have the longest dated debt we are least likely to be caught off guard and unable to manoeuvre? Greece says 8 years here and we are 13 so maybe not quite that well off then

More like the dark ages then doomsday, they'll be cutting lights off to save electric bills etc

Generali

sabretoothtigger wrote: »

I thought USA was on there somewhere and I guess they missed Japans latest 1.2tn



The doomsday scenario generally has to assume nothing changes when the whole deal is a fluid thing.

The main thing is to be caught off guard, have no time to adjust to varying tax returns or whatever negative. They can always adjust spending, it just wont be popular.



UK is actually best off in the world, for time as we have the longest dated debt we are least likely to be caught off guard and unable to manoeuvre? Greece says 8 years here and we are 13 so maybe not quite that well off then

More like the dark ages then doomsday, they'll be cutting lights off to save electric bills etc

A big part of the Greek default/restructure was pushing out maturity dates. The UK has helpfully long maturity due to a policy of selling longer dated bonds to lock in cheaper funding.

Greece's long maturity is a result of not paying her debts, Britain's is due to the very skillful management of debt by the DMO. To be clear, the DMO started this process as interest rates on AAA rated Government debt collapsed on Labour's watch and it has continued (and accelerated?) under the Tories.

IronWolf

That's really old, been on there at least of couple of years

We cite our success and experience with the crises of the past because there is an even bigger crisis looming – something that we believe will distabilise the very foundations of Britain.

why trust someone that cant even use a spellchecker?

sjaypink

IronWolf wrote: »

That's really old, been on there at least of couple of years

Pftt, really, flagged up to me as new?
However, makes it more amusing I guess

dealer_wins

When moneyweek wont accept subscriptions in £ sterling I will know they are serious!

fc123

I read the entire thing and it was quite a manic piece overall.

It kept building up a panic for a few paras then said 'So subscribe to MW, we can save you!!'' which masked the essence of the piece.

harpoboy

sjaypink wrote: »

http://info.moneyweek.com/urgent-bulletins/the-end-of-britain/

Sorry if this has been posted already.
However, I couldn't risk not sharing this urgent information.

Read the first bit, and almost choked on my All Bran at this

To our knowledge, no other publication can match our record of correctly anticipating and predicting the financial crisis.

Is this the same rag that has been predicting a house price crash in London for each of the past five years?

What a larf