Thread: Brexit
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Old 25-06-2016, 07:17 AM
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Quote:
Originally Posted by bubbs11 View Post
There's more to life than the markets, FTSE, pound sterling...

Just saying
You are right there is.

However because this country has a large deficit in trading the government has to borrow money to make that up. Downgrading the rating means that the government will have to pay more for the borrowing. This will result in either an even bigger deficit with more borrowing (if anyone will lend to us) tax rises or benefit cuts.

That means that it is going to have a direct impact on everyone one way or another.
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