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lundi 24 mai 2010

First cuts in the UK budget .

« Nous devons nous attaquer à notre déficit pour éviter que le 
remboursement de notre dette échappe à notre contrôle », a annoncé hier à
 Londresle ministre des Finances, George Osborne (à gauche), ici au côté
 de son adjoint au Trésor, David Laws.


"We need to address our deficit to avoid the repayment of our debt is beyond our control," announced yesterday Londresle finance minister George Osborne (left), here along with his assistant Treasury, David Laws.
Tags: government britannqiue, budgetary expenditure, Thatcher, Britain, David Cameron, David Osborne, David Laws.

Just took office, the government launched a foreground of 6.2 billion pounds of savings for the current year. David Cameron wants to regain control of a public debt explodes.

The government of David Cameron has made his first step Monday to reduce its huge deficit. The Minister of Finance, George Osborne, and Deputy Treasury, David Laws, presented a plan savings that should reduce the government budget of 6.2 billion pounds (7.2 billion euros) during the current fiscal year. "The need for action is urgent," said George Osborne yesterday. "We need to address our deficit to avoid the repayment of our debt is beyond our control," continued the new conservative chancellor. After the financial crisis and recession, the British Government was obliged to borrow 156 billion pounds (180 billion euros) last year to balance its budget, resulting in a deficit equivalent to 11.4 % of GDP.
"The economy of six billion is not very heavy, since they represent only 1% of state spending, but it is an important signal from the government to demonstrate to financial markets that is decided to tackle the problem, "said Professor Iain Begg of the London School of Economics. While many observers had doubts about the ability of the coalition between the Conservatives and Liberal Democrats to agree on measures unpopular, the new government set up by David Cameron took less than two weeks after his inauguration to present its initial savings. During their joint presentation, thee Conservative Chancellor of the Exchequer and Deputy LibDem have not shown the slightest disagreement.
The next fiscal efforts should be more stringent well after the presentation of the contingency budget on June 22 next, and even more in the fall after a comprehensive review of public finances.

"Avoid the mess"
In accordance with promises made during the election campaign, the departments of Health and Defence and development assistance are completely unaffected by the cuts presented Monday. At Treasury, the Liberal Democrat David Laws has insisted that much of the money saved would be in "avoiding the mess" in various jurisdictions. The first targets are not critical computing costs and supplies various departments. The officials now travel in second class and not first. The hiring will be frozen in all departments, and numerous "quangos" (quasi-NGOs in French), but independent organizations working for the State that had been created in large quantities by the Labour Party, could disappear. Departments will have the most to tighten their belts are the Trade, Transportation, Education and Local Administration.
Economists in the City have approved the government's announcement, even if they have displeased some unions, who denounced a return "to the Thatcher era.

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