UK getting more into debt
Ever since the credit crisis began we have heard the term “Fiscal Aid” this where the government introduce fund into the economy like the funding of the banks and the cut in VAT, these investments are supposed to support the country’s finances.
However, the governor of the Bank of England, Mervyn King has issued a warning [...]
Germany disagrees with rescue plans
Despite the many meetings that are happening across Europe with a view to save the collective economies, Germany remains stead fast in their plan not to do anything to help out the banks or any other struggling industry.
They go as far to say that the recent changes in that the UK government have implemented are [...]