"February 27, 2012 – UNITED KINGDOM - In a stark warning ahead of next month’s Budget, the Chancellor said there was little the Coalition could do to stimulate the economy. Mr. Osborne made it clear that due to the parlous state of the public finances the best hope for economic growth was to encourage businesses to flourish and hire more workers. "

full article here:

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I believe this was the second domino to fall, first one was greece:

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