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Comment by petermcneeley | Hacker News Reader

Are you aware the UK is basically bankrupt? https://www.theguardian.com/business/2025/aug/26/more-pain-r...

Are you aware that is an impossible situation in the UK and that you should never listen to journalists or economists on this topic. They haven’t a clue what they are talking about.

Look at the one month Treasury bill to see the actual situation.

I don't know how much I trust bond buyers and other "Market participants" to have a meaningful long-term view of a financial position with the many destabilising factors we are seeing (Social, Climate, etc..). They are accurate until they aren't.

Maybe 20 years from now, you will be on a resort laughing at the treasury bill rates of 2025 and compare their accuracy to pets.com.

They are having a meaningful view that is misinterpreted deliberately by those with agendas - either anti government agendas or more free money agendas.

Rising rates at long maturities is a signal of uncertainty. The market is wanting shorter maturities. So stop issuing the long stuff the market doesn’t want and issue the shorter stuff it does want. Even to the point of leaving all of it on overnight until the dust settles

> that you should never listen to journalists or economists on this topic

These journalists do not say that Britain is bankrupt. Their article was arbitrarily cited by someone else to support his claim about Britain.

I know and it's a crying shame, we should be doing everything we can to encourage innovation and growth, not finding new ways to tax businesses and the people who run them. The conservatives kind of gutted public services, but the governments priority atm should really be on increasing prosperity. I can only think of one recent prime minister who had that vision and the less said about her the better.

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