'Painful Retrenchment': What Will It Take to Get Britain's Economy Back on Track? On: 06/17/2010 Views: 10
After the United Kingdom's May 6 election failed to produce a clear winner, its citizens have found themselves facing an unfamiliar situation -- the formation of Britain's first coalition government in more than six decades. Under Prime Minister David Cameron, the new government faces many challenges, not the least of which is dealing with a massive budget deficit during a time of recession. Experts weigh in on the state of Britain's economy and the strategies the new government should adopt to prevent yet another reversal of fortune in Europe.