Wednesday 27 January 2010

Don't invest in Britain: The UK economy sits 'on a bed of nitroglycerine', investors warned

Daily Mail
"Gordon Brown's election strategy was dealt a further blow today after the boss of the world's biggest bond house warned investors to avoid the UK economy.Bill Gross, who runs the world's biggest mutual fund warned the British economy was lying on 'a bed of nitroglycerine'.Britain limped out of recession yesterday with an anaemic return to growth that raised fears of a second downturn.Economists said the fragile recovery suggested a real risk of a 'double dip', in which the economy plunges back into the red."

No comments: