They couldn't offer clarity on how the debt would be managed long term is because they've no idea themselves. They're hoping something comes along and if it doesn't, with those debt commitments God help us.
Great calm analysis, some of the commentary has been on the hysterical side, both for and against. Probably the negative response in the markets is due to lack of belief that the Conservative backbenchers will actually let the reforms go through, so all this just means an increased debt for UK. It may also be due to fear that more turmoil in Conservatives would lead to Labour getting in.
They couldn't offer clarity on how the debt would be managed long term is because they've no idea themselves. They're hoping something comes along and if it doesn't, with those debt commitments God help us.
Good piece by the way.
Great calm analysis, some of the commentary has been on the hysterical side, both for and against. Probably the negative response in the markets is due to lack of belief that the Conservative backbenchers will actually let the reforms go through, so all this just means an increased debt for UK. It may also be due to fear that more turmoil in Conservatives would lead to Labour getting in.