#sovereigndebt #UK #gilts #interestrates #default #bailout #imf #bankofengland #economy #recession
In this report, I go over a Mial Online article that covers the leak of a U.K. Treasury report prepared for the Chancellor of the Exchequer Rishi Sunak.
This report notes that the U.K. economy is facing very strong headwinds and that even if the best-case scenario were to play out the economy would face years of increased taxation, austerity and inflation.
More worryingly, the report says the following: "The Treasury document warned that if the economy does not recover soon, the country could be thrown into a 1976-style sovereign debt crisis that could require an international bailout."
"Leaked Treasury paper suggests a £300billion body-blow to UK plc from the enforced lockdown": https://www.dailymail.co.uk/news/article-8313697/Britons-face-pay-freezes-tax-rises-cover-300bn-bill-coronavirus.html
Use promo code maneco64 to get a 0.5% discount on physical gold and silver bullion purchases at https://www.goldinvestments.co.uk/
GlintPay App, Save and Spend in Gold - Use referral code MarioGlint79
https://glintpay.com/
Support the channel:
Teespring Store: https://teespring.com/en-GB/stores/maneco64
https://www.paypal.me/maneco64
https://www.patreon.com/user?u=3730528
Crypto donations:
MONERO: 443HZ51ibn1MUD65R42hLNj934Cjq9oEbXaZ68UWeKdAg3qmgM6gL2qMnutYDyn8GnZEDf1yvsqkw11wXgrkm4wFDpDk58u
BITCOIN: 1AkNoKzbZXJ75BbeGkD2ekUDJQNWDrBgMA
BITCOIN CASH: qzfcsu05c9ephzv8qzl7ysvn4lfclzneescfhre4r5
BSV: qr20w4glrt5urr63c2xrqaxa3ken2qy5hqdxr3kv34
ETHEREUM: 0xfffd54e22263f13447032e3941729884e03f4d58 LITECOIN: LY6a8csmuQZyCsBZbLDTQMRuyLdsW9g2na
DASH: XhxxKD8YHjAdE3hYG7AuCw4EwUrCjZWqGK
BAT Currency: Uphold a/c name maneco