Wednesday 24 June 2009

Bank bailouts make UK the sick man of Europe

Daily Mail
"'Taking into account the probability of a worse than expected deterioration in the UK's budgetary position in the near term, and the heightened risks to fiscal sustainability, there is a need for a more ambitious consolidation effort in the medium term,' the Commission said.It urged Britain to slash spending or hike taxes in 2010-2011 'and beyond'."

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