Andrew Tyrie: debt crisis is 'elephant in room of UK economy'
Mr Tyrie told an audience in London today that the eurozone sovereign debt crisis was ``the elephant in the room of the British economy'' and that lenders would begin to properly repair their balance sheets once the crisis was dealt with.
Macro economic experts have painted the bleakest picture of the UK debt crisis yet as it predicts the economic slump will last much of this decade.