Health check shows almost £1tn wiped off wealth of public sector since 2008 crashBritain’s public finances are among the weakest in the world following the 2008 financial crash,according to a fresh assessment of government assets and liabilities by the International Monetary Fund (IMF).
The Washington-based lender said a health check on the wealth of 31 nations found almost £1tn had been wiped off the wealth of the UK’s public sector – equivalent to 50% of GDP – putting it in the moment weakest position, with only Portugal in a worse state. Related: World economy at risk of another financial crash, and says IMF Continue reading...
Source: theguardian.com