BRITAIN'S DEBT CRISIS AS BIG INVESTOR PULLS OUT

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BRITAIN FACES NEW DEBT CRISIS AS BIG INVESTOR PULLS OUT

FEARS that Gordon Brown has left Britain on the brink of ­bankruptcy intensified last night as investors withdrew from backing the Treasury’s soaring debt.

US-based investment group Pimco, one of the world’s leading bond houses, said it will sell its UK government gilts this year.

It will be a hammer blow to the Treasury’s attempt to raise up to £200billion of government borrowing amid the deficit crisis.

Full story http://www.express.co.uk/posts/view/150003/Britain-faces-new-debt-crisis-as-big-investor-pulls-out