January 19, 2010

UK debt a concern to lenders

BBC Report that investment analysts are increasingly worried that the UK government does not appear to have a plan to reduce the UK's ballooning level of debt. Although the UK indebtedness is still not as bad as that of some other developed economies it has deteriorated more rapidly. 

Ultimately the government will have to put in place a plan to address this issue.  Government spending needs to be reviewed as a  spur to long term sustained growth and a reduction in debt to GDP levels.

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