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David Cameron: our plan to cut debt is failing

Publié par Clifford Armion le 22/11/2011

James Kirkup, and Robert Winnett

The warning comes as the global economy stands on the brink of a chronic debt-driven recession.

The Prime Minister on Monday conceded that tackling Britain's debts was proving harder than anyone envisaged, raising the prospect that the Coalition would be unable to close the deficit by 2014-15.

That would rule out any significant tax cuts before the next election. It also raises questions about the Coalition's fundamental purpose.

Departing from the deficit-reduction timetable could raise fears that Britain will face rising borrowing costs as bond markets take fright.

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Pour citer cette ressource :

"David Cameron: our plan to cut debt is failing", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), novembre 2011. Consulté le 18/10/2021. URL: http://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/david-cameron-our-plan-to-cut-debt-is-failing