Britain may be better off with debt

[Ethan]

What sort of pinko liberal think tank wrote that nonsense, and in which lefty paper?.

Oh, it was an IMF economist and published in The Telegraph. Another convert to the global majority view that austerity doesn't work, then.

http://www.telegraph.co.uk/finance/...-to-live-with-high-debt-forever-says-IMF.html

 

[Hobbit]

What sort of pinko liberal think tank wrote that nonsense, and in which lefty paper?.

Oh, it was an IMF economist and published in The Telegraph. Another convert to the global majority view that austerity doesn't work, then.

http://www.telegraph.co.uk/finance/...-to-live-with-high-debt-forever-says-IMF.html

maybe a banker who wants to rake in the interest...

 

[Foxholer]

UK is certainly at the 'wrong' end of that Green Zone though, so some sort of shift up the table would be beneficial!

And it's simply another way of measuring/rating the UK economically - just as Moody and S&P do.

Of course, another way of reducing the deficit is to increase exports or reducing imports (preferably replacing imports with home grown/developed products!). How well either can be helped by this government, I'm uncertain as they currently seem obsessed with cost reduction rather than boosting production/productivity!