#sovereigndebt #UK #gilts #interestrates #default #bailout #imf #bankofengland #economy #recession<br /><br />In this report, I go over a Mial Online article that covers the leak of a U.K. Treasury report prepared for the Chancellor of the Exchequer Rishi Sunak.<br /><br />This report notes that the U.K. economy is facing very strong headwinds and that even if the best-case scenario were to play out the economy would face years of increased taxation, austerity and inflation.<br /><br />More worryingly, the report says the following: "The Treasury document warned that if the economy does not recover soon, the country could be thrown into a 1976-style sovereign debt crisis that could require an international bailout."<br /><br />"Leaked Treasury paper suggests a £300billion body-blow to UK plc from the enforced lockdown": <a href="https://www.dailymail.co.uk/news/article-8313697/Britons-face-pay-freezes-tax-rises-cover-300bn-bill-coronavirus.html" target="_blank" rel="nofollow">https://www.dailymail.co.uk/news/article-8313697/Britons-face-pay-freezes-tax-rises-cover-300bn-bill-coronavirus.html</a><br /><br />Use promo code maneco64 to get a 0.5% discount on physical gold and silver bullion purchases at <a href="https://www.goldinvestments.co.uk/" target="_blank" rel="nofollow">https://www.goldinvestments.co.uk/</a><br /><br />GlintPay App, Save and Spend in Gold - Use referral code MarioGlint79<br /><a href="https://glintpay.com/" target="_blank" rel="nofollow">https://glintpay.com/</a><br /><br />Support the channel:<br /><br />Teespring Store: <a href="https://teespring.com/en-GB/stores/maneco64" target="_blank" rel="nofollow">https://teespring.com/en-GB/stores/maneco64</a><br /><a href="https://www.paypal.me/maneco64" target="_blank" rel="nofollow">https://www.paypal.me/maneco64</a><br /><a href="https://www.patreon.com/user?u=3730528" target="_blank" rel="nofollow">https://www.patreon.com/user?u=3730528</a><br /><br />Crypto donations:<br /><br />MONERO: 443HZ51ibn1MUD65R42hLNj934Cjq9oEbXaZ68UWeKdAg3qmgM6gL2qMnutYDyn8GnZEDf1yvsqkw11wXgrkm4wFDpDk58u<br />BITCOIN: 1AkNoKzbZXJ75BbeGkD2ekUDJQNWDrBgMA<br />BITCOIN CASH: qzfcsu05c9ephzv8qzl7ysvn4lfclzneescfhre4r5<br />BSV: qr20w4glrt5urr63c2xrqaxa3ken2qy5hqdxr3kv34<br />ETHEREUM: 0xfffd54e22263f13447032e3941729884e03f4d58 LITECOIN: LY6a8csmuQZyCsBZbLDTQMRuyLdsW9g2na<br />DASH: XhxxKD8YHjAdE3hYG7AuCw4EwUrCjZWqGK<br />BAT Currency: Uphold a/c name maneco