21
August
Cameron: 'British Government could default on its debts'; Taleb Warns of Hyperinflation
21 August 2009 The Telegraph
Gordon Brown is running the risk that the British Government will be unable to pay back the money it is borrowing from international investors, the Conservative leader said.
Mr Cameron said Labour’s plan to borrow an extra £700 billion over five years and take the national debt to £1.4 trillion was a “disgrace” that exposes the UK to serious economic risks.
Governments borrow by selling bonds – a form of IOU note – to investors, who then receive interest payments on the loan.
