Monday, 5 January 2009

Corporate Britain faces £110bn debt time bomb

2 comments:

Anonymous said...

I still do not understand why the UK government borrowed such a huge amount of money that it is unlikeli to be paid back.
Hopefully it is not a atom bomb.

econinfohunter said...

This refers to company debt. Revenues, cash flow and profits are all tumbling. Investors and banks are unwilling to lend to anybody so companies cannot 'roll over' their debt by issuing new debt. This is the time bomb and we will see what happens. It doesn't look good.