This week has been interesting, with news that the building industry is supposed to get a boost from government. More interesting was news from the European Central Bank, that helped stock markets around the world to recover a little. The big news though, was the rain has stopped!
Finance Friday | The economy
I read earlier this week that the British National Debt is 7.9 trillion pounds. This is according to the Taxpayers Alliance. This amounts to £300,000 for every household in the country. I think by exaggerating they make all the rest of their arguments seem unbelievable too. You could argue that the government needs to invest several millions of pounds in order to pay those ridiculously high pensions they have promised all the judges and top civil servants. You could also argue that they can be paid out of future revenues. The Taxpayers Alliance would argue the former to convince us that the nation is severely indebted and make their cause sound plausible.