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Britain’s economy at high risk
The European Commission has consigned Britain’s economy to a list of those at 'high risk' because of the spiralling national debt. Fellow high risk economies include Latvia, Greece and Romania.
The European Commission has warned the Government that there are serious concerns that the country will be unable to meet future spending commitments due to its worsening budget deficit.
With an ever increasing proportion of elderly people the country’s ability to meet its pension commitments is one of the largest concerns.
The warning has sparked confrontation between the Government and Brussels whilst the Opposition has used it to vindicate their decision to set out a package of spending cuts aimed at restoring a balance to public finances.
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