I admit that our economy has seen little growth since the start of the recession (when it was at its worst);however, the markets have faith in Britain's ability to pay back its debt, despite a budget deficit of some 10 percent, because of an austerity plan that has increased taxes and cuts in public spending.

Britain is coping "okay" compared to other countries with similar debts, or if you look at it as debt "per head" you will find Britain growth is stronger than most and has more stability.