Bank Of England Warns Of "Economic Collapse" If UK Keeps Borrowing Money

The Bank of England is putting the United Kingdom on alert.  Should the UK keep borrowing money, as Corbyn"s Labor Party has advocated, there will be a “Venezuela-style” economic collapse that will devastate normal citizens. A senior Bank official has warned that the UK’s economy would be unlikely to survive borrowing any more cash. Richard Sharp, a member of the Bank’s Financial Stability Committee, claimed an extra £1trillion had already been borrowed since the 2008 financial crisis, and any more could see the economy collapse in the same quick manner that Venezuela’s did.