Britain could default on its debts if it keeps spending, warns David Cameron Read more: http://www.dailymail.co.uk/news/article-1207537/Britain-default-debts-keeps-spending-warns-David-Cameron

八月 19, 2009 at 11:43 | 張貼於Economy, UK | 發表留言

By Daniel Martin
Last updated at 12:19 AM on 19th August 2009

David Cameron has warned that Britain could default on its national debt if it keeps borrowing more money. The UK is set to have the worst debt of any major European economy next year as plummeting tax revenues force the Government to borrow from international investors. It has fuelled fears the country is facing decades of cuts to public services or tax rises to rebalance the books. But now Mr Cameron has raised the spectre that Britain will not be able to pay off the huge debts at all – putting the economy at serious risk. He condemned Labour’s plans to take the national debt to £1.4 trillion, by borrowing £700billion more over five years, as a ‘disgrace’. Mr Cameron claimed Britain’s worsening economic situation meant investors may seek higher interest rates in future, making it increasingly likely the Government will not be able to honour its debts. He said at the Royal Society of Arts: ‘You can get to a level of Government debt where, not that it becomes certain that people will cease to lend you the money, but you start running the risk of them demanding higher premia, higher interest rates – or you run the risk of not being able to meet your obligations.’ Read more: http://www.dailymail.co.uk/news/article-1207537/Britain-default-debts-keeps-spending-warns-David-Cameron.html#ixzz0Ob3fZzSU

廣告

發表迴響 »

RSS feed for comments on this post. TrackBack URI

發表迴響

在下方填入你的資料或按右方圖示以社群網站登入:

WordPress.com Logo

您的留言將使用 WordPress.com 帳號。 登出 / 變更 )

Twitter picture

您的留言將使用 Twitter 帳號。 登出 / 變更 )

Facebook照片

您的留言將使用 Facebook 帳號。 登出 / 變更 )

Google+ photo

您的留言將使用 Google+ 帳號。 登出 / 變更 )

連結到 %s

在WordPress.com寫網誌.
Entries留言 feeds.

%d 位部落客按了讚: