Where does the British government borrow its money from to pay off its ever increasing deficit?
Is it from wealthier countries who make things/create jobs for the people and have an industry such as China? Or where?
Asked By: johndehaura - 2/27/2011
Best Answer - Chosen by Asker
The first answer above is stupid, because by definition "deficit" refers to money not covered by taxes. The second answer is wrong because advanced nations seldom borrow from the IMF. The point of the IMF is primarily to lend to developing nations and the occasional problem child like Greece. Advanced nations GIVE... More
Answered By: Spotty J - 2/27/2011
Additional Answers (2)
From the dumb British public, in ever increasing taxes, parking fees, and cuts. etc
Answered By: Hi T - 2/27/2011
They borrow money from the IMF (Internation Monetary Fund) who provide money to countries throughout the world
Answered By: Brandon - 2/27/2011
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