“Britain isn’t cutting its structural deficit by enough or doing it quickly enough and may need a bailout from its European partners, investor Jim Rogers told CNBC.
But UK-based analysts disputed this view, saying the austerity measures were enough.
Rogers said the UK coalition government needed to go further in order to avoid financial catastrophe.
“They [the government] are not doing it. They are saying they are doing it but they are not. They are saving £1 billion ($1.6 billion) here or there but they are not doing what they really need to and I’m not sure the government would survive the kind of pain that is really required,” he said.”
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