Europe takes Britain to task

| 24/06/2009

(Times Online): Brussels turned up the heat on Britain yesterday over the Government’s plunge into the red as a result of the recession and the banking crisis. In a fresh warning shot at the Treasury over its soaring budget deficit, the European Commission classed Britain alongside the struggling Irish Republic and stricken Latvia as the European Union economies whose national finances had been most dangerously hit by the costs of the crisis. Alistair Darling was again urged to take more urgent and radical measures to bolster the UK’s budgetary position, which Brussels said was set to be even worse next year than the Chancellor has forecast so far as the recession bites harder than the Treasury expects.

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