Friday, 17 July 2009

IMF warns that Britain's soaring debt is 'testing the limits'

Daily Mail
"In a major blow to Gordon Brown, the Washington-based fund warned the UK is ‘testing the limit of the market’s confidence’ by pushing the national debt towards 100 per cent of gross domestic product - or close to £1.5trillion.If Britain does not do more to tackle public spending, faith in the Government’s ‘solvency’ could be damaged, it said in an economic health check."

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