RE: Sp2 Apr 2020 01:12
I note and have read the comments published in The Express and forwarded by J46 - I suppose that you can reach his conclusion, if that's what you want to believe.
The Conservatives and their followers (in the handshake brigade) have been forecasting that outcome for at least the last twenty years - when they were sure that the profits that they were making in the currency wars, were going to break the community and their social economy.
I am still surprised and disappointed that so many people believe what they read in the papers, particularly The Express, The Mail and The Times. They should all have "Pravda" inserted in their titles because of the space that they devote to party propaganda.
The community and its currency have been of great benefit to the union and the country's within it - it cannot however cure financial illiteracy and downright dishonesty such as we have seen in Greece and Italy, but it has handled problems like the crash quite well if a little slowly for my taste.
When the plague has passed much re-building will have to be done in the economy, which will probably keep interest rates (for savers) low, but not it seems for borrowers where rates for government assistance via the banks already have been up to 12% it was reported today.
As people who have borrowed before already know, this will be hugely profitable for the banks, because it will take years for borrowers to pay off their loans.
Then we are sure to see a divi.....
Good luck all..