The UK’s “Moron Risk Premium”

Since Quarteng’s disastrous Budget

the international financial markets have been judging the UK’s credit rating using the “Moron Risk Premium”.

The credit rating determines how much it costs to borrow money on the international exchanges.

Contrary to the impression give by the Better Together bunch, the UK runs a continuous financial deficit – it’s always in debt, never balances the books, and has a cheek asking how an Independent Scotland would.

Last month the UK ran massively over the expected deficit – £20 Billion. In just one month…

The risk to Scotland is not leaving the UK, it’s staying in the UK.

https://t.co/7BzqvO2pfV

The financial markets are now blanching at the thought that the UK would even contemplate the return of Boris Johnson as PM.