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Is the voice of the UK government weakening on the world scene?

As we approach the London G20 meeting there are serious concerns that the UK government is losing its power on the world scene and other governments around the world are "doing their own thing". Despite initially receiving substantial interest and support from other governments around the world for their massive stimulus package it would appear that many governments are looking towards the regulatory environment in the short to medium term. So what potential impact will this have on the UK?

As the UK government looks towards quantitative easing as the next step in a rescue plan for the UK economy it would appear they are "running out of money". There is a suspicion that ongoing attempts to tie down other governments around the world to inject massive sums of money into their own economies, has exposed a weaknesses in UK finances. With many economists suggesting UK national debt could rise to around £2 trillion and some even suspecting a figure of £3 trillion there is a very little room for manoeuvre for the UK authorities.

The UK economy has so far failed to respond to any financial stimulus plans or any rescue packages and there are concerns about the short to medium term future and direction of the economy.

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