Jim Rogers: Why I do not invest in the UK and US

Renowned investment guru Jim Rogers continues to avoid investing in the UK, believing the country's "staggering" debt problems are unlikely to improve.

Rogers, who co-founded the Quantum fund with George Soros in 1970, made a remarkable 4200% over the next ten years, compared to just 47% for the S&P. In an interview with The Telegraph, Rogers says he has no investments in the UK. "I am put off by the gigantic debts built up in the last few years by the previous Government. The numbers are truly staggering," Rogers says. "The UK has had a balance of trade deficit for the last 25 years which has been growing over the years. It used to rely on North Sea oil to bolster its international earnings coupled with the City of London being a...