Wednesday, December 10, 2008
We’re a laughing stock :(
The German finance minister has launched an outspoken attack on the UK government's plans to help pull Britain out of the economic downturn. In an unusual breach of standard diplomacy, Peer Steinbruck attacked the UK's decision to cut VAT and raise the national debt to record levels. Mr Steinbruck said the UK's switch from financial prudence to heavy borrowing was both "crass" and "breathtaking". "All this will do is raise Britain's debt to a level that will take a whole generation to work off."