In other ‘don’t panic’ news…
…rates are still looking pretty good on UK government bonds, so even after the financial bail-out the government has plenty of room to borrow for infrastructure investment.
The only danger is if politicians bow to the pressure from “let’s turn this recession into a depression because we hate Keynes” maniacs and don’t take advantage of the opportunity…
Categories: Bit of politics, Financial arcana
Unrelated, but ta for the Hansard link on DK’s.