Britain’s Defict Swells as the Economic Gloom Deepens

New York Times
“The slow pace of the improvements of borrowing is extremely disappointing and worrying,” said Philip Shaw, an economist at Investec in London. “The government is obviously reluctant to do the dirty work ahead of the election. A few measures to hit high income earners won’t do it.”
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British Plan to Raise Taxes and Debt Sets Off Political Sparring
"....some have warned that if the recession is longer and deeper than the Brown government is predicting, the level of debt could lead to Britain’s facing a run on the pound and the possibility of having to turn to the monetary fund for emergency loans, a contingency last resorted to by a Labor government in the 1970s."