Let’s take a few numbers: Bank of England base rate: 0.5 per cent Annual interest on the national debt: £49billion Armed Forces spending: £35billion Although interest rates are at the lowest point for 5,000 years http://uk.businessinsider.com/interest-rates-5000-year-history-2017-9 with a base rate of 0.5 per cent, we spend more each year on interest payments than on defence. … Continue reading Thanks to insane public borrowing, interest rates are about to explode