Thursday, December 6, 2012

Fiscal Policy In Britain Expected To Focus On Austerity Through 2018

George Osborne, Britain's Chancellor of the exchequer, stated that Britain's austerity program will continue through 2018.  The economy faces another downturn, but Osborne argues that it would be wrong to turn back against it fiscal policy.  If the economy remains in the doldrums much longer, his government may not get the opportunity to continue with its restructuring policies.

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