Osborne says just growth won't fix British's deficit
ReutersLONDON--Britain's finance minister vowed to stick to the path of austerity, saying economic recovery on its own would not be enough to fix the budget deficit and the causes of over-spending still needed to be addressed.
October 23, 2013, 12:08 am TWN
George Osborne, speaking at a Thomson Reuters Newsmaker event on Tuesday, also said he was “a couple of weeks” away from deciding whether to split up state-owned Royal Bank of Scotland and rejected criticism that the government sold Royal Mail too cheaply.
Osborne claimed some credit for Britain's long-awaited economic recovery, saying it was being helped by his refusal to budge from his austerity plan despite widespread criticism, including from the International Monetary Fund.
“I think we already see the benefits in the UK of having a clear economic plan and sticking to that economic plan,” he said.