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Tuesday, 02 March, 2010
The beginnings of a Greek Tragedy?

On the back of the latest opinion polls the markets are letting us know what they think of a hung parliament. Sterling fell through the psychologically important €0.90 cents to the pound level yesterday and it was also sinking against the dollar.

Even scarier was the fact that the Gilt market opened down as well.   The market has already removed the Triple-A rating on UK government debt.
 
Remember there was a time last year when the money nearly stopped coming out of the hole in the wall machine. It still is because we are borrowing so much of it, and in order to lend markets need to have confidence. If they lose confidence then they may stop lending and then we are in a very sticky situation indeed.

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Promoted by Jack Richardson on behalf of Barrow & Furness Conservatives both at Abbey Road Barrow-in-Furness Cumbria LA14 1LG Tel: 01229 820158 Fax: 01229 820158