Tuesday, 21 October 2008

More credit woes

Over the years I was under the impression that Britain has one of the strongest economies in the world. If this is the case then why does Mr Brown need to borrow money. Surely we must have some reserves somewhere?!

http://news.bbc.co.uk/1/hi/uk_politics/7680449.stm

Another question that I feel needs answering is where does this loan come from? LoansDirect.com?

The problem with credit is that at some point it has to be paid back - a concept that some people seem unable to grasp. Mr Brown is evidently one of these individuals and is not worried about the repayments as he won't be living at No.10 when the bailiffs come knocking.

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