Monday, November 21, 2011
But the UK is much more healthy than Europe & the US, isn’t it?
"David Cameron and his senior ministers have admitted for the first time that there is a danger they will not be able to tackle borrowing on time". You couldn't make it up, could you?..."That would rule out any significant tax cuts before the next election. It also raises questions about the Coalitionâ€™s fundamental purpose". "In the latest escalation of the global economic crisis, shares tumbled on Monday as market fears spread from the eurozone to Americaâ€™s $15â€‰trillion (Â£9.6â€‰trillion) government debt". "Wang Qishan, the Chinese vice-premier, said global economic conditions remained â€œgrimâ€. He warned of a prolonged downturn. â€œThe one thing that we can be certain of, among all the uncertainties, is that the global economic recession caused by the crisis will be chronic"