06 Feb '11, 4am

[CNA] Doubts mount over Britain's austerity drive

LONDON: Doubts are growing in Britain over Prime Minister David Cameron's strategy to restore growth by cutting spending, amid a stream of worrying economic data and an increasingly hostile public. The surprise announcement last month that the economy shrank by 0.5 per cent in the fourth quarter of 2010 sparked national concern just as ordinary Britons were beginning to feel the effect of a major austerity drive. Cameron wants to save more than £80 billion ($130 billion, 95 billion euros) over four years to reduce the budget deficit -- the toughest cuts in Europe -- and the consequences are being played out in vivid detail in the press. Tales of support for disabled people being slashed, rubbish collections being scaled back to once a fortnight, library and bus services being scrapped and the even the national forests being rented out are all eroding support. A recent YouG...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

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