Sky News: Reports " Coronavirus: Governor says Bank of England saved Britain from effective insolvency..Andrew Bailey has told Sky News that if the Bank had not intervened the government would have struggled to fund itself. "
Lets Get Real:
THIS is the 2nd time that the UK could have gone BROKE, the first was the near banking collapse under PM Gordon Brown ( 2007 - 2010 ) and now the the news that the UK Government came close to going broke as it could not sell its bonds. The MAJOR DISASTER that is COVID -19 could damage the economy for years, when the Government STOPS paying the wages of workers these workers might find that their companies can no longer afford them and thus the CHOP, thus unemployment echoing the 1980s. One does wonder did PM Johnson expect such crisis points before he become PM. It was smart for the PM to have an election in 2019, he has four and half years to fix any damages to the Conservative brand.
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