Britain is doomed…

Story link: Britain is doomed…

Not exactly as the title suggests, but the UK economy is running out of cash at a record rate, but is still making the best effort to lend more.
How much longer can this type of lending and spending be sustained?

Britain is doomed…

Britain’s running out of money. Yesterday’s government borrowing figures – the worst in at least 15 years - were truly shocking. Already the forecasts that Chancellor Alistair Darling made last month in the pre-Budget report are looking well short.
And the national debt can only get worse, whatever Gordon Brown’s telling us. Sadly, for savers, most things about Britain are looking more and more like a ‘sell’…