‘UK must make cuts’
Monday 20th September 2010, 2:30PM BST.
THE UK Government must make cuts and make them quickly, private equity boss Jon Moulton has warned.
The Better Capital chairman and Guernsey resident (picutred) painted a gloomy outlook of the UK economy while addressing members of the Guernsey branch of the Institute of Directors at its monthly lunch meeting.
He warned that without painful decisions being taken the UK would be heading towards an explosion and risk saddling its future generations with colossal amounts of debt.
‘We have passed the debt problem down to our children. By avoiding the pain now we ensure that the future economy will be weaker and riskier.’
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