Buffett Wouldn't Want to Fix U.K. Deficit

Warren Buffett, the billionaire investor known as the Oracle of Omaha, said he doesn't envy the winner of the UK general election, who will be faced with the need to make "politically very unpopular" decisions to cut the deficit. Speaking after the annual shareholder meeting of Berkshire Hathaway (BRK-B), at which he dispensed nuggets of business wit and wisdom to a crowd of 40,000 faithful, Mr Buffett warned the next occupant of No 10 to fear the bond market, which could turn against the UK if public spending is not brought back into balance over the long term.

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