UK warned of toughest fiscal choices in decades ...News

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UK warned of toughest fiscal choices in decades
The next British government will inherit a slew of economic problems, and will have to quickly decide how to tackle them, according to a think tank The UK economy is in a tight spot and the new government which will come to power after the general elections scheduled for July will face the hardest fiscal challenge the country has seen in decades, the Institute for Fiscal Studies (IFS) think tank indicated in a report on Saturday. According to the analysts, the new administration will inherit three key problems: a debt burden close to 100% of gross domestic product (GDP), high interest rates and low growth. The gov

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