UK is not fully resistant to EU debt turmoil

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/Reuters
George Osborne, The British Chancellor next week will submit an autumn report on the outlook of the UK economy. So far the UK managed to escape negative effects of Eurozone debt crisis. However, according to Osborne such situation will not last forever. Growth is smooth, unemployment is surging and exports are fluctuating. Moreover, budget deficit totals 10% of GDP. Osborne predicts that in nearest future crisis will hit UK benchmark index FTSE 100 and the British national currency.

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Wed, 23 Nov 2011 10:15:49 GMT

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