On Tue, 26 Jan 2010 09:09:05 -0000, "Andy Pandy"
wrote:


"Mark" wrote in message
.. .
Normally I'd welcome a hung parliament but this time it could be a
disaster as the markets want to see a strong government.

The markets aren't everything.

They are when the government needs to borrow £170 billion per year!
If
they can't get that credit cheaply because the markets don't trust
them to sort out the current mess then we'll enter a downward spiral
of increasing cost of debt increasing the borrowing requirement...

It would be better for the government not to borrow such ridiculous
amounts of money.

Well, quite, which is why they need a serious plan to identify
spending cuts or additional taxes, something this government are too
cowardly to do (until after the election).

It might make the big organisations
write off the debt they are trying to hide at present.

Erm, why? And how would that help?

To not prolong the recession.

So how would writing off debt help? It would worsen the companies
balance sheet and make getting credit harder etc.

In the short term it might not help them. However the debt is there
and it's not good hiding it IMHO. I can't see how they can move on
until it is written off.

Get the pain over with now is my opinion.
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