Thursday, July 15, 2010

Britain’s debt: The untold story

Yet more doom and gloom about the state of the UK finances.

The article in the Independent has most of the nuggets of information. For those of you who want the gory details then you can download the full report from the ONS.

If you can put to one side the grim implications of the stats and read the detail you come to the conclusion that the one group of people who will continue to do pretty well in Austerity Britain is the Charmed Generation. That wealthy 20% of the 50-plus age group.

That does assume that inflation remains at relatively low levels. Dick Stroud

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