Doing a ratner!

There may be some doubt as to who first made the remark, but it is one that Chancellor, George Osborne, should perhaps heed as he contemplates issuing gilts with a 100-year term or indeed, undated paper.  We currently have historically low interest rates and the Bank of England has been artificially holding down Gilt yields by buying government bonds via a succession of Quantitative Easing schemes. We have managed to hang on to our AAA credit rating status whilst nine of the Eurozone nations, including France, have been downgraded and this has allowed the UK to borrow at record low le...