Arab Today, arab today osborne uk austerity to last longer
Last Updated : GMT 14:02:48
Arab Today, arab today
Arab Today, arab today

Osborne: UK austerity to last longer

Arab Today, arab today

Arab Today, arab today Osborne: UK austerity to last longer

London - AFP

George Osborne warned Sunday that economic recovery will take longer than planned but insisted that abandoning the government\'s tough austerity measures would be catastrophic. The Chancellor of the Exchequer is to deliver his Autumn Statement before parliament on Wednesday, alongside the latest growth and borrowing forecasts from Britain\'s Office for Budget Responsibility (OBR) fiscal watchdog. \"We had two targets, one was to get debt share falling as a share of national income by 2015/16 and also to balance the current budget,\" Osborne told BBC television. \"It\'s clearly taking longer to deal with Britain\'s debts, its clearly taking longer to recover from the financial crisis than anyone would have hoped but we have made real progress.\" Osborne said he wanted the British economy to grow but insisted that cutting debt was the right course. \"Undermining the credibility of our deficit plan, going back on our commitment to deal with our debts, would be a complete catastrophe for Britain,\" Osborne said. He added that doing so would \"would put us into the place where some European countries are at the moment and that is not a place Britain wants to be.\" Separately in the Sun on Sunday newspaper, Osborne wrote: \"There is a lot more to do, but together we are making progress. \"The road ahead may be longer than we thought but it leads to a better future. Let\'s have the courage to stay the course.\" Britain\'s Conservative-Liberal Democrat coalition government, which took office in May 2010, has imposed painful austerity measures to slash a record deficit inherited from the previous Labour administration. But the economy has since been through a double-dip recession. Experts predicted that the OBR would cut its forecasts for Britain\'s gross domestic product with the economy buffeted by state austerity, inflationary pressures and the debt crisis in key trading partner the eurozone.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today osborne uk austerity to last longer Arab Today, arab today osborne uk austerity to last longer

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today osborne uk austerity to last longer Arab Today, arab today osborne uk austerity to last longer

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Ryanair's O'Leary: Could ground more planes

GMT 06:49 2017 Friday ,22 September

Ryanair's O'Leary: Could ground more planes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Huthis stage defiant rally 3 years

GMT 05:29 2017 Friday ,22 September

Huthis stage defiant rally 3 years
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Youssra prepares for launching her  program

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:03 2017 Thursday ,21 September

Alarm over flesh-eating ulcer cases

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday