Friday, 11 December 2009

Britain's ballooning public debt sparks massive gilts sell-off: Investors dump UK debt amid fears of default

Daily Mail
"Investors moved away from gilts - the bonds issued by the Government to finance its debts - amid concerns that Alistair Darling had ducked tough questions on how Britain will balance the books.Ratings agencies have warned that Britain's triple-A credit rating, which enables the Government to borrow more cheaply than less credit-worthy nations, could be at risk unless Gordon Brown and his Chancellor lay out a credible plan to cut the deficit."

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