Armageddon Alert Over 'Reckless' National Debt ; the Watchdog

Summary

---

BRITAIN'S national debt will soar to "Armageddon" levels unless there are tax rises and deep spending cuts immediately after the general election, a leading financial watchdog warned today.

Audit Commission chief executive Steve Bundred, who oversees public sector spending, said that without drastic action, the sheer scale of Labour's borrowing would lead international investors to pull the plug on the UK.

See the full content of this document

Extract

---

Armageddon Alert Over 'Reckless' National Debt ; the Watchdog

In a rare criticism of government economic policy, Mr B...

See the full content of this document

---