Britain faces an ‘explosive debt trajectory’ in the next 50 years if it ends austerity | 07/05/17 | Markets Insider

Market Insider reports that Britain could face an ‘explosive debt trajectory’ in the long-term if it does not deal with its budgetary issues and reduce the deficit in a well thought out manner, citing new research from the UK economics team at Bank of America Merrill Lynch.

Source: Britain faces an ‘explosive debt trajectory’ in the next 50 years if it ends austerity | 07/05/17 | Markets Insider

Here’s a stark reminder just how precarious is the state of UK finances and that’s before a Far Left Labour government and a hard Brexit.

The sensible way forward is to replace May quickly with a young tenacious leader, who will make his/her name as a radical reformer. The alternative is the UK quickly becomes a banana republic under Marxist leadership, until perhaps the IMF mounts a global rescue? Imagine the Harvard case study, asking the question, ‘Why didn’t cool heads prevail’?

Thoughts?

 

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