Thursday 19 March 2009

Public sector debt to double in one YEAR to £200bn as IMF warns Britain's budget deficit is worst in the developed world

Daily Mail
"The IMF said Britain will face the biggest budget blowout of any leading nation next year.It predicted Government borrowing will balloon to 11 per cent of UK national income, or more than £165 billion. ....Britain will be one of the hardest hit economies in the world, with analysts at the Economist Intelligence Unit yesterday forecasting a 3.6 per cent contraction this year followed by a 1.1 per cent fall in output in 2010."

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