Thursday 15 October 2009

Treasury slams EU report warning Britain faces debt spiral

Telegraph
"Brussels said UK public debt will rise from around 60pc of GDP this year to 160pc by 2020, 406pc by 2040, and 760pc by 2060 unless there are drastic spending cuts."The UK's budgetary position poses severe risks to the sustainability of public finances," the EC said in its Sustainability Report."

No comments: