‘Timebomb’ UK economy will explode after election, says Albert Edwards

The UK economy is a ticking time bomb set to explode after the general election, according to a leading City commentator who has warned of a fresh crisis for the pound.

Albert Edwards, who heads the global strategy team at investment bank Société Générale and is well known for downbeat views, chides the coalition for a legacy of “grotesquely wide deficits” in both the public sector finances and on the UK’s current account – its overall trading position with the rest of the world.

Britain would vote to quit EU says new poll

BRITAIN would vote to leave the EU if an in/out referendum was held today, a major new survey has found.

Some 46.6 per cent would vote “out” while just 34.3 per cent would vote “in”, with 19.1 per cent undecided.Among those likely to vote, the gap was starker, with 48.8 per cent opting to leave, compared to 34.7 per cent wanting to stay and 16.5 per cent undecided.

The Survation poll was commissioned by the Freedom Association. Director Rory Broomfield said: “This survey shows that the increasing demands for Britain to pay more money to the EU has resulted in a resurgence in Euroscepticism within Britain.