00:00In other informations, economic experts warn the UK stands on the brink of a crisis like the 1970s with high public deficit, runway inflation and troubling fiscal policies under Chancellor of the Executive, Rachel Reeves.
00:16British economists blame Treasury for debt exceeding 96% of GDP, rising interest payments and fiscal deficit according to latest reports.
00:26They compare the current crisis to one nearly 50 years ago when the government had to seek an emergency IMF loan.
00:34The warning comes ahead of the first autumn budget where further tax hikes are expected from the Treasury.
Comments