Category: UK Debt
The analysis published under this category are as follows.
Wednesday, September 22, 2010
UK Debt Interest Spiral Time Bomb Explodes in August / Interest-Rates / UK Debt
By: Nadeem_Walayat
The UK government borrowed a record amount of £13.3 / £15.9 billion in August (public sector net borrowing requirement), which brings total public sector net debt to £823 billion, 56% of GDP (excluding financial interventions - bank capital injections) / £935 billion (including financial interventions) 64% of GDP, which puts the economy within touching distance of breaking above £1 trillion for December 2010.
Sunday, September 19, 2010
UK Government Stealth Debt Default Continues at Minimum Rate of 3% per Year / Economics / UK Debt
By: Nadeem_Walayat
This article is part of a series towards an updated UK interest rate trend forecast. The UK government continues to stealth default on its government debt at the minimum rate of 3% per annum, a price that is being paid for by all workers and savers. The population of Britain has been successfully conditioned by successive governments deploying the pseudo science of economics that appears to exist purely to enable governments to psychologically manage the expectations of their populations such as coming to believe that the stealth sovereign debt default trend is good for them.
Friday, August 06, 2010
UK Gilts Set to Drive Ahead / Interest-Rates / UK Debt
By: Seven_Days_Ahead
The Technical Trader’s view:
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Saturday, July 03, 2010
UK ConLib Government to Use INFLATION Stealth Tax to Erode Value of Public Debt / News_Letter / UK Debt
By: NewsLetter
The Market Oracle NewsletterJune 29th, 2010 Issue #39 Vol. 4
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Tuesday, June 29, 2010
UK ConLib Government to Use INFLATION Stealth Tax to Erode Value of Public Debt / Economics / UK Debt
By: Nadeem_Walayat
The Chancellor of the Exchequer, George Osborne hit the reset button on the UK economy by delivering the most radical budget of the past 30 years that has sought to cut an extra £40 billion from Britains annual budget deficit by 2014-15 which is on top of ALL of Labours March 2010 budget cuts and tax rises of £73 billion that the coalition left intact. The cuts totaling a withdrawal of £113 billion from the economy will be phased in by 2015-16 and by then total about 7.5% of GDP which is a huge amount that is deemed necessary to divert Britain from its current path towards bankruptcy that Labour had put it firmly upon as a consequence of running an annual budget deficit of 12% of GDP.
Friday, June 25, 2010
British Banks Determined to Bankrupt Britain / Economics / UK Debt
By: Nadeem_Walayat
The Bank of England has raised concerns over British banks exposure to European sovereign debt in its Financial Stability Report, calling on the banks to raise capital reserves in advance of future debt defaults, and to extend the maturity of the banking sectors wholesale funding as short-term loans increase the risks of credit freeze events as they are rolled over.
Friday, June 11, 2010
Sovereign Contagion Spreads to UK, Britain's Debt Facade Cracking / Interest-Rates / UK Debt
By: Mike_Larson
When Greece’s markets first started cracking wide open, a lot of claptrap spewed forth from Wall Street. The general consensus:
Tuesday, June 08, 2010
Fitch UK Debt, Deficit and Ratings Warning Publicity Stunt / Interest-Rates / UK Debt
By: Nadeem_Walayat
“The scale of the United Kingdom’s fiscal challenge is formidable and warrants a strong medium-term consolidation strategy, including a faster pace of deficit reduction than set out in the April 2010 budget,” Fitch said.
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Monday, May 31, 2010
UK FTSE and Financial Markets Could be Hit by David Laws Resignation / Politics / UK Debt
By: Nadeem_Walayat
As if the brewing Korean Crisis and European Sovereign debt crisis were not enough, the weekend has seen the first internal crisis to hit the Con-Dem coalition government with the shock surprise resignation of David Laws, Chief Secretary to the Treasury after he was allegedly caught out fiddling his parliamentary expenses by funneling £40,000 to his gay lover in contravention of the expenses rules (Con-Dem Government Starts to Crumble, David Laws Resigns, Liberal Democrats Betray Voters).
Friday, May 21, 2010
U.K. Government Bonds, Gilts Ahead of the Pack / Interest-Rates / UK Debt
By: Seven_Days_Ahead
We wrote a Market Update on the day of the UK General election outlining 3 possible scenarios for the Gilt market post-election.
We noted how we thought the market would rally on two of the possible outcomes:
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Friday, May 07, 2010
UK Government Bond Gilts, the Election and the Euro zone / Interest-Rates / UK Debt
By: Seven_Days_Ahead
(Written BEFORE the Elelction)The Macro Trader’s view:
Today the UK votes in the closest fought General election campaign in living memory. With a hung Parliament still looking the most likely outcome, at least according to the opinion polls, we look at how the Gilt might react once the results are known.
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Friday, April 16, 2010
Britain's Accelerating Trend Towards High Inflation and Debt Default Bankruptcy / News_Letter / UK Debt
By: Newsletter
The Market Oracle NewsletterApril 13th, 2010 Issue #22 Vol. 4
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Friday, April 16, 2010
The Bear Potential of UK Government Bonds Gilts / Interest-Rates / UK Debt
By: Seven_Days_Ahead
We have been and remain strong bears of the US TNote. But the immediate election notwithstanding, the UK Gilts too appear to be setting themselves up nicely for the bears…
Tuesday, April 13, 2010
Britain's Accelerating Trend Towards High Inflation and UK Debt Default Bankruptcy / Economics / UK Debt
By: Nadeem_Walayat
Whilst politicians of all the major parties during the general election campaign continue to ignore the giant debt elephant in the room as the general public continue to prefer to be deluded into thinking that Britain can skip the debt crisis that faces the country as a consequence of Greecesk levels of annual deficits and foreign liabilities that have pushed Britain significantly along the path towards hyperinflation and bankruptcy (debt default to foreigners), as many of the trend projections concerning the looming debt mountain, banking and public sector's liability expectations made in November 2008 (Bankrupt Britain Trending Towards Hyper-Inflation?) have come to pass, against which NOTHING has been done or stated will be done to prevent ultimate national bankruptcy as warned of in November 2008.
Friday, March 05, 2010
Brits Pounded As Debts and Deficits Hit Home. Next the U.S. / Interest-Rates / UK Debt
By: Mike_Larson
Boy are things getting ugly in the U.K. The British currency, the pound, is getting crushed. The price of long-term British debt securities, called gilts, is heading down. And the cost of default insurance on the country’s debt is rising steadily.
My takeaway: This is but a preview of what’s to come here in the U.S.
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Friday, January 22, 2010
UK Government Bonds, Gilts Rebound / Interest-Rates / UK Debt
By: Seven_Days_Ahead
We started the New Year bearish of bonds as we judged the global economic recovery looked on track and although a slow recovery was still expected, traders seemed confident enough to turn their attention to the debt build up in the major developed economies.
This had the effect of hitting many major sovereign bond markets hard in the early days of January. Of course, the bear move had begun over the Christmas and New Year Holiday period, but it wasn’t until the New trading year had began that we judged the move was more than Year End activity.
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Thursday, January 21, 2010
UK Public Spending Deficit Debt that Risks Bankrupting Britain / Economics / UK Debt
By: Nadeem_Walayat
The government is set to spend an estimated £680 billion this financial year on the public sector (2009-10), that is currently running an ANNUAL £180 billion deficit, i.e. the government spends £180 billion a YEAR more than it earns which is contributing to towards igniting Britains inflationary debt spiral, that risks accelerating trend towards an hyper inflationary bust leaving savers with worthless paper and the economy in ruins.
Friday, January 08, 2010
UK Government Gilt Bond Selling is Spirited, Buying is Muted / Interest-Rates / UK Debt
By: Seven_Days_Ahead
The Technical Trader’s view:
Tuesday, December 29, 2009
Budget Deficit Cutting Solutions to Britain's Debt Crisis / Economics / UK Debt
By: Nadeem_Walayat
This article is part of in-depth analysis that will conclude in a forecast for the UK economy for 2010 and 2011 and which follows the completion of the forecast for UK CPI inflation 2010 , which will be followed by the UK interest rate forecast for 2010 later this week. The whole scenario and implications of will be published as an ebook that I will make available for FREE, ensure you are subscribed to my always free newsletter to get the completed scenario in your email box and check current analysis at http://www.walayatstreet.com.
Friday, December 18, 2009
UK Government Bonds, Gilts On Edge of Bear Market Triggers / Interest-Rates / UK Debt
By: Seven_Days_Ahead
The Technical Trader’s view: