Analysis: Britain's path to recovery is difficult and perilous

05/9/2010 | Economist (free content), The

When another government takes power in the U.K. after last week's election, it will inherit enormous public debt, an economic recovery that is moving slowly and increasing unemployment, according to The Economist. Tax increases and spending cuts are expected. "The hope is that Britain can trade its way out of trouble while keeping interest rates low enough to contain the pain of servicing excessive debts," The Economist notes. "But things could easily go wrong, not least if the Greek crisis infects other parts of the euro area and Britain suffers as a consequence."

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Economist (free content), The

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