UK Faces Dilemma Over Bank Support

Date: 09.03.2010

Source: Reuters website

Britain faces a difficult balancing act in deciding how and when to reduce support for the banking sector, Moody's Investors Service said on Tuesday.

"The growth in the UK's public debt burden means the government cannot afford further substantial bank bailouts without further weakening its credit profile and/or burdening taxpayers," Moody's said in a report.
 

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