June 30, 2011

The UK debt problem is between Ireland and Greece

One in the eye for deficit deniers. The Economist has a chart showing how many cuts are needed to get government debt under control and back to safe levels, it is not pretty. The UK is way up the chart between Iceland and Greece, both of which are already bankrupt, which tells you how hard it will be to get the country back on an even keel, and so how vital it is to start now.


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