Asher McShane
BRITAIN is heading for financial disaster unless the United States sorts out its enormous debt.
The knock-on effect will see UK interest rates on credit cards, car loans and mortgages rise sharply, financial experts said.
US Secretary of the Treasury Tim Geithner said if the country could not pay its debts, the result would be “catastrophic”.
American politicians were in deadlock over whether to extend the debt limit beyond £8.7trillion.. . . .
The knock-on effect will see UK interest rates on credit cards, car loans and mortgages rise sharply, financial experts said.
US Secretary of the Treasury Tim Geithner said if the country could not pay its debts, the result would be “catastrophic”.
American politicians were in deadlock over whether to extend the debt limit beyond £8.7trillion.. . . .
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