Thursday, April 23, 2009

Bankrupt Britain

My favourite journalist at the FT, Gillian Tett, makes an interesting observation: yesterday's cost of insurance against default on UK gilts was 0.95%, compared with 0.5% for insurance against Cadbury defaulting. British American Tobacco, Compass, Unilever, Centrica and Pearson are also all deemed less likely to go bust than the UK Government.


Blogger kinglear said...

But of course!

12:49 pm  

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