Wasn’t there a Dr. Who episode about that winter?
Sovereign debt in the UK is now described as being at a peacetime high. The Country’s GDP is projected to continue to decline.
Currently, the GDP is reported as still being upwards of 8% lower than pre-pandemic levels.
In 1709 there was such a cold winter due to sunspot activity that it caused economic depression.
UK treasuries currently have significantly lower yields than US treasuries.
Some are saying the emergency has just begun.
Unemployment is projected to reach 7.5%
By Michael Carver
November 25th, 2020 12:34 PM
Featured Image Credit: “UK Money – Coins” by Images_of_Money is licensed under CC BY 2.0