Wednesday, 5 May 2010

Britain to borrow the most money in Europe

Britain will borrow more money than any other country in Europe this year including crisis-torn Greece.

In a stark warning on the eve of the general election, the European Commission tonight said the UK budget deficit will hit a record 12 per cent of economic output this year. That is the biggest of all 27 nations in the European Union and far worse than the 9.3 per cent shortfall expected in Greece.



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