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Labour under pressure as Europe tells Britain: Cut deficit faster, deeper

Publié par Clifford Armion le 16/03/2010

Larry Elliott, Patrick Wintour, Julian Glover

"Labour's strategy for controlling Britain's spending was tonight under fresh challenge when it emerged that the European commission is preparing to demand tougher government action to rein in the UK's record peacetime deficit. In findings which were seized upon by the Conservatives, Brussels warned that the current plans for repairing the black hole in the budget left by a deep and long recession needed to be more ambitious.

""A credible time frame for restoring public finances to a sustainable position requires additional fiscal tightening measures beyond those currently planned," said a draft report, due to be approved by the commission , but leaked to the news agency Reuters. It added: "The overall conclusion is that the fiscal strategy in the convergence programme is not sufficiently ambitious and needs to be significantly reinforced.""

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"Labour under pressure as Europe tells Britain: Cut deficit faster, deeper", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), mars 2010. Consulté le 27/09/2020. URL: http://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/labour-under-pressure-as-europe-tells-britain-cut-deficit-faster-deeper