Debt concerns business heads

Over 60 per cent of business executives in the UK and the US believe their governments’ debt is growing at an unsustainable rate, a survey revealed yesterday.

Respondents in the UK were among the most pessimistic about government debt, ranking alongside troubled Eurozone economies such as Ireland, Portugal and Spain.

“The debt that hangs over individual countries is casting a long shadow in the minds of corporate executives and investors,” said Marc Harris of RBC Capital Markets, which conducted the poll.