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UK may slash public spending

09-21-2010 13:54 BJT

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The UK government is planning to cut billions from its public spending. This tough spending review, which aims to slash a huge deficit, has triggered public concern. The industry authority suggests the government should protect key projects, as to ensure economic growth.

The UK's deputy leader, Nick Clegg defends massive public spending cuts at his Liberal Democrat party's conference.

In the first coalition the UK have seen since the second world war, Clegg is supporting the ruling Conservative Party's plans to ax billions from public spending.

But the UK's key business organization has called on the government to protect vital infrastructure projects as it decides where to wield the knife.

The Confederation of British Industry has said areas like research and development, transport and training must be spared to ensure future economic growth.

The CBI's deputy director general said it was vital to maintain economic growth and avoid costly strikes.

John Cridland, Deputy Director General of CBI said "Disruption for the public, families who can't get to work, can't get their kids to school, disruption to businesses unable to get workforces to the office unable to get goods to the ports, everybody loses from that - strike activity should be absolutely a last resort - too often it is the first resort."

The spending review to tackle a massive deficit will be the toughest for almost a generation.

John Cridland said "I think the biggest risk is that international investors all round the world - West coast of the States and the MIddle East believe there are better places to put their investment than in this country because that is what would stop the necessary economic growth . We need investment and much of it from the private sector and not from the government."

The CBI warned that the Government risked damaging Britain's economic prospects for years to come if it didn't secure funding on key projects.

The cuts are due to be announced in October.

Editor:Xiong Qu |Source: CNTV.CN

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