Britain’s news channel
As the flame haired pop superstar Mick Hucknall famously once sang, money’s too tight to mention. And in terms of the economy, the British bank balance is now Simply Red.
We are broke, skint, brassic, on our uppers. The cupboard is bare, we haven’t got a pot to piss in. The national debt is now over 100% the size of the economy and we will be running a huge budget deficit for many years to come, in which more goes out than comes in. And the cost of interest payments on our debt, before we pay back a penny is now north of £80 billion a year – that’s more than the defence budget.
Inflation is running at over 10%, which is bad news for everyone, because it simply reduces the value of money and with the main lever to control it being raised interest rates, it means the cost of our mortgages, loans and credit cards goes up as well.
Hilariously, bitter Remainers will have you believe this is all down to our decision to leave the European Union, which doesn’t explain raging inflation and recession on the Continent. I’m not sure Germany had Brexit too did they?