Richard Fletcher
31.8K posts

Richard Fletcher
@fletcherr
Former newspaper delivery boy. Now business editor of @thetimes and (proud) south Londoner

So the UK's 10-year gilt yield - the cost of government borrowing - is now up at 2008 levels. An 18-year high The difference is that, back then, UK national debt was 48pc of GDP, and now it's the best part of 100pc. So the debt service costs are much MUCH heavier. Of the £14.3bn the UK government borrowed in February alone, no less than £13bn of that was spent on interest on existing debts - a situation which is not only unsustainable, but very close to provoking a disastrous financial collapse. Yet still, our national discourse is all about more spending, more borrowing, more "state intervention". When is the Labour party – and much of the listless, unthinking rump of the UK's political and media class – going to start acknowledging reality? WHEN ....?



Luckily… the government isn’t directing how pension funds are investing. Ludicrous click bait framing that needs calling out.

#CPFC fans we lost one of our own on Tuesday morning. Sean was a lifelong Palace fan who passed at the young age of 62, taken far too soon. In memory of him I was wondering if we could get a moment of applause in the 62nd minute on Wednesday night 🦅❤️💙

We are pleased to share details with fans about some of the new bar and hospitality spaces set to open in the North Stand at the Etihad Stadium 🏟️ 🔗 mancity.co/EtihadNorthSta…






🗣️ "I don't understand why he's getting yellow carded for it, what's he supposed to do?!" @Carra23 and Gary Cahill take a closer look at the Chelsea penalty incident 🤔

















