CCTV.com - CNTV English - CCTV News

UK may slash public spending

09-21-2010 13:54 BJT

Watch Video

Play Video

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

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program