Confidence is McDonalds is stronger than confidence in UK economy for investors
12 12 08 - 12:06 Confidence in the UK economy has been knocked to such an extent that investors now see the burger chain as a more secure investment.Faced with the sterling in free fall and the threat of an impending recession, there is no doubt that the UK economy isn't in the best of health. However, despite this gloomy outlook, news that Britain is now seen by many as more of a credit risk than the big name burger chain is more than a little shocking.
Until recently, government debt was seen as the safe option for investors, particularly that of an economically strong country such as Britain. Corporate bonds on the other hand were seen as a more volatile means of speculation. However, in recent months the table has turned and the UK economy is no longer seen as the safe bet it once was.
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It will be interesting to see how bad this financial mess gets.
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