The Treasury is utterly deluded if it thinks borrowing from big private equity outfits is anything but a very bad deal for the UK – letter to the editor
Some context: “Starmer wins backing of billionaire BlackRock chief: ‘He offers hope to British politics’ The Independent’s headline from October 2023 Dear Editor, The Bank of England base rate is 4.75 per cent. Effectively the UK can borrow slightly below this.BlackRock private debt fund currently advertises a yield (gross profit) of 8.4 per cent, which […]