UK 'well placed' to deal with crisis - Minister

The UK is facing “a very testing period” because of the global economic crisis but is “well placed” to withstand the consequent challenges, the Government said.

The UK is facing “a very testing period” because of the global economic crisis but is “well placed” to withstand the consequent challenges, the British government said.

Junior business minister Baroness Vadera made the comments as a business leader warned that companies are being pushed to the “absolute edge” by rocketing oil prices.