farmer1

Picking up from Les,

What will be the effect off a 1% increase rise or higher on the billions the government have been borrowing. I cannot help thinking that not only will a large portion of the country be crippled by a rise in interest rates but so will the government.

Hence the extra burdon will have to be carried by the tax payer, which will now have less money as they have to pay more on interest rates, causing a catastrophic spiriling decline.

However good Mr Brown thinks are country's economy is now, I really cannot see it lasting much longer.

Nikko2

At the end of the day we live on a small island with ever increasing numbers of people. Long Term owning property / land will always be a winner always has.