Are you Gordon Brown?



It is not affordable. Otherwise, interest rates would be allowed to increase to more normal levels. Policy makers are simply playing for time before the inevitable happens.

So, you are saying that the debt profile in the UK is vastly different from the debt profile in Greece, so that puts us in the same situation as Greece, yes?

Whilst accusing others of being 'not bright'.

Or maybe just you!

Have you got any evidence that UK private debt is unaffordable? The proportion of said debt can not be compared to the Greek scenario because so many people have had their wages cut, or are now out of work that much of the private debt is unaffordable, however, whilst a proportionally higher percentage of people are still in work in the UK, they can continue to meet the payments of their debts.

And what is the interest rate on that debt? Over how long? Secured on what assets?

Your comments re BoE interest rates also show how little you understand the current situation.

Maybe, but either way, you're beginning to look even more ridiculous than usual. You said something incredibly stupid on the other thread, you're now repeating it on here, and no matter how many posters point out your stupidity, you fail to see it.

I have no concrete figures but according to Max Keiser on his show the Keiser Report the U.K's combined debt liabilities (government debt, private debt and future pension payments) far outweigh Greece as a comparison of GDP. However this is a moot point compared to the fact that workers who have not been paid for six months are now being threatened with long term prison sentences if they don't carry on working regardless. This is nothing short of state enforced slave labour within the so called 'democratic' EU.