Our 10 year gilt yield is at a 300 year low of around 1.5%. In Germany it is at 0.25% whereas in Japan its 10 year gilt is almost at zero.In Switzerland it is minus 0.35%. In other words you have to pay the Government to borrow in Switzerland for 10 years.
What I would like to know is where did the UK Government find 27 billion pounds at the last autumn statement.
If the UK government can borrow for almost free money why will it not borrow to pay for improving our roads or bridges or our motorways. The government could re- mortgage our entire national debt and borrow for 10 years by issuing 10 to 15 tracts of bundles of debt issuing. That would pay off our national debt at much lower interest rates.
With borrowing costs so low I would issue road or motorway or bridge loan at an open ended debt issue. Like a War Loan but for our infrastructure.
I am not anti anything but trying to fight for Britain. There are too many pessimists that talk our country down.
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