Soon the United Kingdom will also be part of this quagmire where the new Government which will be elected will start their session under the national budget deficit of 163 billion pounds. The politicians from UK do not seem very creative or innovative in how they will help their country earn back this deficit.

They sure are very creative in spending the Government funds which has been seen by the public time and again. Most probably taxes will be raised and salaries reduced. Thus the need for more pay day loans in the economy. And this trend will be continued for a few years and will bring the British economy close to recession again.

Thus with all these activities together might be able to bring UK back to its knees under the pressure of recession again. This will further create the need for more debt. The deficit will increase even more this time with additions to already very high debt figures on which regular interest has to be paid.

Many analysts are waiting that how the new Government will handle this problem and effectively decide the economic condition of the country for the next generation.