Thursday 6 May 2010

General Election 2010: Britain's finances 'worse than Greece'

Telegraph
"The Government is due to borrow the equivalent of 12 per cent of the entire annual output of the economy, giving the country the highest budget deficit in the EU.The deficit is now forecast to be almost twice the European average. The commission said the “first thing” the new British government needed to do after today’s general election was to agree a “convincing and detailed programme” to deal with the country’s debts.The official analysis will add to growing claims that the party leaders have failed to be frank over the scale of the public sector cuts required, whoever wins the election."

No comments: