You don;t really want a head to head comparison with the shadow cabinet do you?

Emily 'Bollocks' 'White van man' Thornberry, John 'apologist' McDonnell, Diane 'Blue Eyed Nurses' Abbott, Angela 'I bottled it' Eagle, Andy 'I love myself' Burnham and let's not forget good old 'No Nukes' Jezza himself.

What a scary bunch.

Well you should. Most of the electorate will.

We have now sunk to a depth at which the restatement of the obvious is the first duty of intelligent men. [Orwell]

Excellent analysis of the Labour manifesto by the Resolution Foundation, which are hardly an alt right mouthpiece:

[Link]

"That was fun and to round off the day, I am off to steal a charity collection box and then desecrate a place of worship.” - Smokey, The Selhurst Arms, 26/02/02

Are you a taxi driver?

"That was fun and to round off the day, I am off to steal a charity collection box and then desecrate a place of worship.” - Smokey, The Selhurst Arms, 26/02/02

It's quite an important distinction. All the UK's debts are in GBP as it issues bonds in GBP and can just issue new bonds as and when it likes so it cannot go bankrupt. A country can choose to default on its debt but that would be a political choice and not an economic one.

The point you're making is really one relating to a situation where the pound is overvalued and the currency massively devalues, which effectively makes the pound cheaper and as we saw in the early 90s causes capital flight and usually a recession. It's not the same thing.

If you look at Japan they have debt at over 230% of their GDP (more than double ours) and they can borrow at lower rates than our government. While borrowing cannot be extended forever we still have the capacity and ability to borrow to invest in the UK. The government can issue long term gilts at very low rates of interest and even index linked bonds at low rates. Now is the time to invest in our economy.

Instead of worrying about a bankrupt government, we should be focused on employment and inflation and how best to spend as much money as we need to put people to work without causing inflation, which is the real worry (not bankruptcy). There is still significant spare capacity in our economy and a savings glut with the private sector reluctant to invest. The recent growth we've seen has been from credit backed consumer spending. A very dangerous state of affairs. Consumers, by the way, can go bankrupt.

The FTSE-100 stock market index hits an all-time high of 7454, simultaneously the British government releases statistics showing that debt judgements and bankruptcy filings across the UK soared 35% in the first quarter of 2017 to the highest level in a decade. British consumers are on a debt binge, borrowing (and now defaulting) at record levels.

'Strong and stable'?

Buy Litecoin.