Day: 27 June 2011

It is sobering to look at the figures for the interest the U.K. government now has to pay out of taxes to cover the national debt. This debt pile grows by the second and will continue to do so until the budget is brought into balance. We are now paying over £40 billion per year and this […]

The Chinese Premier, on his tour of Europe, has said that China supports the Euro and will continue to invest in Euro bonds. This has offered some respite in the deepening crisis gripping the single currency zone, which is part political, part economic and part financial. However these kind words should not be over-interpreted.  They […]