By Andrew Brown,BBC NewsHome Secretary Amber Rudd said on Tuesday the UK’s economy was on the brink of a “full-blown recession”.

But she also said the government would seek to address the debts that had built up in the past five years, including rising household debts.

“I’m pleased that the Government has set out to make a debt-reduction package and to do it in a way that’s sustainable and in a sensible way,” she told the BBC’s Andrew Marr Show.

“We’re determined to make sure that people who have been the backbone of our economy are protected.”

The UK’s total debt rose to £9.6tn in March, more than double the previous year.

The government announced a debt reduction package last week, and is seeking to bring the debt to 5 per cent of GDP by 2020.

“The debt-to-GDP ratio is now at its lowest level in five years,” Ms Rudd said.

“That is a major step forward for our economy.”

But debt relief will only go as far as the £4bn needed to avoid a credit crunch, as the Treasury says it cannot afford to pay back debts it already owes.

The UK owes £7.8tn in debt, with the vast majority of it due to the 2008-09 financial crisis, which wiped out about £3.6 trillion of the country’s private sector debt.

Ms Rudd said the UK was in “a debt-saddled period” but had “reached the point of no return” and needed to be careful not to default on its debts.

The debt ceiling will also be raised again this week, as will the cost of borrowing for the UK to borrow money abroad.

But with the Treasury saying it could not afford to increase the borrowing cap, the government is hoping the government will find a way to increase borrowing and ease the burden on households.

The US government recently proposed an additional $20bn in emergency funding for the US economy.

But the UK is one of the few developed economies that has no direct funding from the US Treasury, meaning the UK will have to borrow more to repay the US if it wants to get more funds.

In a statement, the UK Treasury said the plan would “give us the flexibility to invest our surplus in the UK as the UK economy recovers”.

“It will enable us to spend more in the public finances while protecting our own finances and helping to provide a fair and balanced budget for the years ahead,” the statement said.

It is the first time in 25 years that the UK has not borrowed directly from the Treasury, and it comes after months of warnings about the risk of a debt crisis.

On Monday, the IMF warned that Britain was in a “dangerous” debt situation, with household debt rising to record levels and the government struggling to make ends meet.

“Even if the government can achieve its debt reduction targets, there is a risk that it will not be able to meet its debt obligations,” IMF deputy managing director Maria van der Hoeven said in a statement.

“If the government cannot reach its debt target, it will be unable to repay its debts, and the risks associated with the crisis are high.”

Topics:government-and-politics,debt-and.debt,business-economics-and%E2%80%99-economy,financial-services,business,united-kingdom

Sponsor Partner

【우리카지노】바카라사이트 100% 검증 카지노사이트 - 승리카지노.【우리카지노】카지노사이트 추천 순위 사이트만 야심차게 모아 놓았습니다. 2021년 가장 인기있는 카지노사이트, 바카라 사이트, 룰렛, 슬롯, 블랙잭 등을 세심하게 검토하여 100% 검증된 안전한 온라인 카지노 사이트를 추천 해드리고 있습니다.우리카지노 | TOP 카지노사이트 |[신규가입쿠폰] 바카라사이트 - 럭키카지노.바카라사이트,카지노사이트,우리카지노에서는 신규쿠폰,활동쿠폰,가입머니,꽁머니를홍보 일환으로 지급해드리고 있습니다. 믿을 수 있는 사이트만 소개하고 있어 온라인 카지노 바카라 게임을 즐기실 수 있습니다.우리카지노 | 카지노사이트 | 더킹카지노 - 【신규가입쿠폰】.우리카지노는 국내 카지노 사이트 브랜드이다. 우리 카지노는 15년의 전통을 가지고 있으며, 메리트 카지노, 더킹카지노, 샌즈 카지노, 코인 카지노, 파라오카지노, 007 카지노, 퍼스트 카지노, 코인카지노가 온라인 카지노로 운영되고 있습니다.카지노사이트 - NO.1 바카라 사이트 - [ 신규가입쿠폰 ] - 라이더카지노.우리카지노에서 안전 카지노사이트를 추천드립니다. 최고의 서비스와 함께 안전한 환경에서 게임을 즐기세요.메리트 카지노 더킹카지노 샌즈카지노 예스 카지노 코인카지노 퍼스트카지노 007카지노 파라오카지노등 온라인카지노의 부동의1위 우리계열카지노를 추천해드립니다.카지노사이트 추천 | 바카라사이트 순위 【우리카지노】 - 보너스룸 카지노.년국내 최고 카지노사이트,공식인증업체,먹튀검증,우리카지노,카지노사이트,바카라사이트,메리트카지노,더킹카지노,샌즈카지노,코인카지노,퍼스트카지노 등 007카지노 - 보너스룸 카지노.