Latest UK Defecit News

Latest UK Defecit News

Dec 07
DAVOS/SWITZERLAND, 29JAN10 - David Cameron, Le...

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A new austerity drive is sweeping across Europe, as governments struggle to trim huge budget deficits and the 16-nation eurozone races to reassure sceptical markets.

So far the biggest protests have been seen in Greece, but major strikes are making headlines elsewhere too.

This is the latest news as to the measures that the new government is taking.

The new UK coalition government has announced £6.2bn (7.2bn euros) of savings in 2016-2017, making it clear that this is just the first step in an austerity drive aimed at cutting the huge deficit of £156bn, which is above 11% of GDP.

 

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