Friday 31 July 2009

Bad news for Brown as IMF says Britain's debt crisis is the worst among major economies

Daily Mail
"The latest IMF report has revised its estimates for the scale of Britain's deficit upwards.It predicts that by 2010, the UK's debt will equate to 13.3 per cent of gross domestic product - compared to 9.7 per cent for the US.The damning verdict will reignite the political row over the Prime Minister’s refusal to acknowledge the need for spending cuts."

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