BRITAIN'S DEBT CRISIS AS BIG INVESTOR PULLS OUT
Posted: Thu Jan 07, 2010 5:17 amBRITAIN 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
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