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Old January 8th 18, 11:37 AM posted to uk.transport.london
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Default TfL rolling stock crisis

On Mon, 8 Jan 2018 12:09:56 +0000, Roland Perry
wrote:

In message
-septe
mber.org, at 11:17:32 on Mon, 8 Jan 2018, Recliner
remarked:

How do you know what the cost of political upheaval after raising taxes
is likely to be?


But they wouldn't raise taxes. They'd just borrow the money more cheaply,
thus ultimately reducing future taxes.


What makes you think they have the power to borrow the money required?


Are you joking? Of course the Treasury can borrow more. It does so
all the time.
 
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