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'Timebomb' UK economy will explode after election, says Albert Edwards
The UK economy is a ticking time bomb set to explode after the general election, according to a leading City commentator who has warned of a fresh crisis for the pound. Albert Edwards, who heads the global strategy team at investment bank Société Générale and is well known for downbeat views, chides the coalition for a legacy of “grotesquely wide deficits” in both the public sector finances and on the UK’s current account – its overall trading position with the rest of the world. In a note for the bank, Edwards wrote: As the UK general election rapidly approaches, we take a look at the UK economic ... (full story)
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