Government must stick to austerity plan – Osborne

25th January 2012   ·   0 Comments

LONDON (Reuters) – The government will stick to its deficit-cutting plan, Chancellor George Osborne said on Wednesday shortly after data showed the economy contracted by 0.2 percent in the fourth quarter of 2011. “Britain has substantial debts and if we don’t deal with those debts our economic problems will be substantially worse. And what we were reminded of this week is that the rest of the world is also facing real economic problems and countries that aren’t dealing convincingly with their debt face worse economic prospects than we do,” Osborne said

See the original post here:

Government must stick to austerity plan – Osborne

Tags:  adrian-croft, Austerity, britain, chancellor, Cutting, Debts, div-readability, doorstep, Economic Problems, Economic Prospects, Economy, estelle-shirbon, Fourth Quarter, George Osborne, London Reuters, over-the-past, Rest Of The World, the-situation

By admin