Stephen Quadling
16.6K posts

Stephen Quadling
@squadling72
Love my wife. Love my boys. Love sport. Love music. Must try to work less and relax more. All views my own (unless I steal yours).





After a record tax take and surplus in January, normal service has resumed. Britain experienced its second-largest February borrowing splurge since records began, according to figures just released by the Office for National Statistics (ONS). ✍️ Michael Simmons Article | spectator.com/article/britai…

What is Rachel Reeves doing? She maxed out the nation’s credit card with record borrowing and runaway welfare spending. Now Britain is more exposed to global shocks and our debt costs are spiking. Only @Conservatives have a plan to cut spending and get Britain working again.



Check out the ten-year gilt yield this morning - after the UK's likely next Prime Minister tried to lecture international investors about the intricacies of fiscal policy and the UK's national accounts. A subject about which she clearly knows absolutely nothing. Nice one @AngelaRayner !!! Markets now demanding 4.9% per annum to lend money to the British government. In Morocco, it's 3.4%. And get this. In February 2026, the UK government a massive £14.3 billion - according to figures released this morning. No less than £13 billion of that money borrowed last month went on interest payments on existing debt. Think about that for one second - it's utterly insane. The UK's national accounts are now akin to a Ponzi scheme. And yet still, lunatic MPs and potential Prime Ministers call for ever more borrowing and spending - "because it's the right thing to do" Labour's chronic economic illiteracy and internal party-political posturing is driving the UK economy off a cliff ... ⬇️⬇️⬇️⬇️

Just slash welfare by £100bn and cut public sector pensions...

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 ....?

This is deeply symbolic of the British Bureaucracy sickness we are suffering from. £179m spent, for literally nothing. World class waste.

135 minutes of being as good or better than them Then 30 mins of being so incredibly stinky Is what it is On to Sunday


This government will make the UK the best place in the world for quantum and AI companies to start, scale and stay. In a changing world, our economic plan is the right one. bbc.co.uk/news/articles/…







