SLI's Milligan says 2015 before UK back in balance

It will be 2015 before the UK's fiscal position gets back on track, according to Standard Life Inves...

It will be 2015 before the UK's fiscal position gets back on track, according to Standard Life Investments head of global strategy Andrew Milligan. He says while the Government is taking the right measures to ease the recessionary pain, by trying to provide income to lower income households, trying to keep consumer spending afloat, trying to bring forward some big capital spending projects and supporting SMEs, it is not going far enough. "The problem in the UK's case is that its fiscal position was so poor to start with. When you already had a budget deficit of 3% of GDP at the start of...