Osborne defends austerity, says on right track
LONDON (Reuters) - Chancellor of the Exchequer George Osborne defended his austerity programme on Tuesday, saying tax cuts at the current juncture would jeopardise stability.
"I'm clear the economic plan we're following is the right one," he told a parliamentary committee.
Osborne noted that while economic growth has been disappointing, Britain's labour market has been surprisingly robust.
"Our policy is monetary activism anchored by fiscal conservatism," he said.
- Tweet this
- Share this
- Digg this
- UK troops in largest armoured deployment in Eastern Europe for six years
- In class obsessed Britain, tweet of 'white van' man hits nerve
- Somali Islamists execute 28 non-Muslims on Kenyan bus
- West not expected to demand Iran atom bomb 'mea culpa' in deal
- Lavrov accuses West of seeking 'regime change' in Russia