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.
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’?