A Tweet pointed me to an FT page. Surprisingly, the page was not protected by a paywall. In case this is a temporary error, I am, in the public interest, pasting the page here for all to see, with due acknowledgments, credit and respects to the FT, its journalists, management structure and shareholders.
There Is No Alternative. TINA. Familiar phrase, an egg laid by Thatcher, Hatched by Blair, and now brandished menacingly by Osborne.
Chuka Umunna: “You said that you didn’t think the issues that had been raised in relation to sovereign debt and the UK were relevant. What did you mean by that?”
Lord Turnbull: “Well I always thought that we were capable of producing a financial settlement that wouldn’t take us into Irish and Greek problems. Secondly, a very large part of our debt was domestically held. If people are going to sell gilts they’ve got to buy something else. Who are these great shining examples of people who are issuing rock solid debt you want to buy?”
Chuka Umunna: Do you think it is accurate to describe the UK as being on the brink of bankruptcy?
Lord Turnbull: No, I don’t.”
October 28, 2010 2:04pm in UK politics |