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Clegg defends cuts and calls for 'rebalanced' economy

The Independent, 4 February 2011
Publié le : 4 février 2011
 Andrew Woodcock 

"The coalition Government is determined not only to pay off Britain's deficit but to create "a new model of sustainable economic growth", Deputy Prime Minister Nick Clegg will say today.

"Mr Clegg will say that the Government inherited from its Labour predecessor not only crippling debt but also a "failed economic model" fuelled by debt and overly reliant on financial services.

"He will outline the Government's ambition to "rebalance" the UK economy, diversifying into sectors other than finance; spreading economic activity across the whole country; and encouraging "green" sustainable growth.

"In a speech in Rotherham, South Yorkshire, Mr Clegg will acknowledge that last week's GDP figures, showing the economy shrank by 0.5% in the last three months of 2010, were "disappointing" and make clear his belief that Britain faces "a long, hard road back to prosperity" following the recession."

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Mise à jour le 4 février 2011
Créé le 4 février 2011
ISSN 2107-7029
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