A Crisis at Home and Abroad
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Posted 07.05.2012
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UK Politics
Read More:
France,
Germany,
Euro Crisis,
Mervyn King,
Economist Intelligence Unit,
Eu,
Europe,
George Osborne,
Bank of England,
Eurzone,
Euro,
UK Politics News
The chancellor of the exchequer, George Osborne, has staked the British government's reputation on reducing the country's record-high peacetime fiscal deficit (11.4% of GDP in 2009). He has succeeded in making modest inroads since mid-2010, albeit by front-loading less politically contentious measures.
