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Time is running out for the UK economy and Sterling
With a hugely over-leveraged banking sector, excessive private-sector debt and a vast structural government budget deficit, the UK economy needed the correct policies, a supportive global environment and luck to avoid the fate of debt default or huge currency devaluation. The most recent developments suggest that the chances of success are deteriorating fast and Sterling is now under threat of a decline towards at least 1.40 against the dollar. The government has tightened fiscal policy substantially in order to bring the structural UK budget deficit back under control and is relying on private-sector growth to ... (full story)
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- May 23, 2011 3:09am May 23, 2011 3:09am
- krisware
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- yaed
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- Investica
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