SHIRLEY'S WORLD
The deficit and our children

What Will They Inherit?

A colossal debt is what our grandchildren stand to inherit.

Let’s be clear about this, because politicians are not always clear, perhaps because they don’t understand it, although that’s unlikely…

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DO YOU AGREE?

Ben has two young children and is considering a mortgage with a deposit of £160,000.

Ben, gloomily, “It’s a big investment.”

Me, “A baby costs more. The Daily Telegraph says a child costs £227,000 to rear, if it doesn’t go to uni.”

Ben, still gloomy, “Trouble is, you can’t sell the baby.”