No alternative to deep cuts, insists Osborne

first_img No alternative to deep cuts, insists Osborne Thursday 21 October 2010 8:57 pm KCS-content Tags: NULL More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comWhy people are finding dryer sheets in their mailboxesnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org GEORGE Osborne yesterday insisted he would not shy away from making the biggest spending cuts since 1976, even if the economic recovery hits the skids.The chancellor gave yet another strong hint that a further round of quantitative easing, rather than a slower pace of fiscal consolidation, would be the best tool to boost a flagging economy.He said: “The country needs a decisive plan, we’ve set out a decisive plan. There is of course the freedom for the Bank of England to deploy monetary policy tools as well.”With interest rates at near-zero, any further loosening of monetary policy would almost certainly involve another round of quantitative easing. Both Mervyn King, the governor of the Bank of England, and Prime Minister David Cameron, have both signalled they would back such a course of action. Meanwhile, the Labour party stepped up its attack on the government, insisting the redundancy bill for public sector job losses could run into billions of pounds. However, the Treasury dismissed the claims, pointing out that the vast majority of jobs would be lost through natural wastage. center_img Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndo Show Comments ▼ whatsapp whatsapplast_img

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