Buffett: I would not want to tackle UK debt problem

Even the great Warren Buffett, who has successfully negotiated a number of crisis situations in his time, has admitted he would not want to be responsible for tackling the UK's debt problem.

Speaking after his Berkshire shareholder meeting on the weekend, Buffett says a new government may not have the political will to tackle the mounting deficit. "The UK is facing the same or tougher problems than the US," he says. "The deficits are huge and, if sustained over time, they have to have important consequences. Those consequences can start to create their own dynamic and then you are getting into the unknown. "I would not necessarily want the problem of tackling that debt. Any solution is going to be very unpopular politically." However, Buffett says the UK does not fa...