the podcast on
Britain is facing a financial crisis, with the country potentially heading towards a bailout from the International Monetary Fund (IMF).
Economists are warning that they鈥檙e headed towards a 1970s-style debt crisis, with one saying the UK鈥檚 borrowing costs are higher than in Greece 鈥 which has the highest debt in the euro zone.
UK Correspondent Enda Brady told Mike Hosking that financially the UK is 鈥渟crewed鈥, and Chancellor Rachel Reeves is in significant trouble.
He says there was a $120 billion black hole in the Government鈥檚 books last month, and an awful lot of wealthy people have left the country, concerned about high taxes.
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