Osborne says job not done on fixing public finances

LONDON Sun Dec 1, 2013 10:17am GMT

Britain's Chancellor of the Exchequer George Osborne speaks at a Thomson Reuters Newsmaker event at Canary Wharf in London October 22, 2013. REUTERS/Toby Melville

Britain's Chancellor of the Exchequer George Osborne speaks at a Thomson Reuters Newsmaker event at Canary Wharf in London October 22, 2013.

Credit: Reuters/Toby Melville

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LONDON (Reuters) - Chancellor of the Exchequer George Osborne said he would use next Thursday's half-yearly budget statement to stress that more work needs to be done to fix the country's public finances, even as the economy is returning to growth.

"The economic plan is working and a recovery is under way," George Osborne said in an interview with the BBC on Sunday. "In the Autumn Statement I will say the job is not yet done because we have got to make sure we go on taking the difficult decisions to secure that recovery."

Osborne also said there was no house price bubble in Britain but the government and the Bank of England had to make sure that no such development transpired.

(Reporting by William Schomberg and Peter Griffiths, editing by Mark Heinrich)

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Comments (1)
mgb500 wrote:
Osborne says job not done on fixing public finances

The job NEVER will be done; national debt is skyrocketing & when interest rates revert to the norm i.e. circa 5%, the UK will be crippled!

The UK hasn’t had a meaningful trade surplus for around 30 years – probably why it no longer features on the news as it used to….

To really help matters, we’ll be handing out money to Roumanians & Bulgarians who have no intention whatsoever of working….

I am certain that my children and their generation will NOT receive a state pension – the UK will have collapsed by then!

Dec 01, 2013 11:45am GMT  --  Report as abuse
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