British Crisis worsened. expenditure cut off by 85 Billion Pounds

December 29, 2011 at 4:01 pm | Lanka C News.

A neutral leftist academics has warned that, Briton will face an economic disaster due to the economic crisis suffered by the European countries,and the lack of confidence of the British consumers.

Mr Tony Dolpin,Chief of the Institute of Public Policy Research, says that, since the economic crisis of the European Union is not over yet, more powerful countries are entering the processes to minimize their expenditure. The British coalition government whichcame into power in 2010, has decided to cut off the expenditure of the country, by 81 Billion Pounds in 5 years.

The present government is blaming the Former, Labour government, that, it is their policies which lead Briton to this economic crisis. The economists are arguing that, actions should be taken according to the increasing of demands.They also emphasize that, the duel recession of the British economy could be prevented by only this way. However, Mr George Osborne, the British Finance Minister, has rejected these proposals. He also said that, the year 2012 will be a ‘happy ‘ one for the British Citizens

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