The Kobeissi Letter|9月 01, 2025 16:19
The UK's "silent" fiscal collapse:
While everyone was busy watching the US and Japan, the UK's fiscal picture is collapsing.
Debt has exposed to £2.7 trillion (96% of GDP), yields are higher than the US and Greece, and interest payments alone set to hit £111 billion.
Interest now accounts for £1 in every £12 the UK Government spends.
The worst part?
Rate cuts are not helping.(The Kobeissi Letter)
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