Need To Act Now To Trim Record Budget Gap
By Matt Falloon |
May 24, 2010, Monday
|
Print Edition
Print Edition
BRITAIN must act now to bring down its record budget deficit because of the scale of the fiscal crisis in Europe, Deputy Prime Minister Nick Clegg said yesterday.
"I don't think we anticipated ... quite how sharply the economic conditions in the eurozone would have deteriorated and the need to show that we need to get to grips with this suddenly became much greater," Clegg told BBC television.
The coalition government will today unveil details of 6 billions pounds (US$8.62 billion) of savings to be made by government departments this year.
"I don't think we anticipated ... quite how sharply the economic conditions in the eurozone would have deteriorated and the need to show that we need to get to grips with this suddenly became much greater," Clegg told BBC television.
The coalition government will today unveil details of 6 billions pounds (US$8.62 billion) of savings to be made by government departments this year.
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