In a speech to the British business community, Chancellor George Osborne said there was good reason to be “cautiously optimistic” with respect to the economy, but the recovery itself will likely be “choppy”. Osborne also affirmed that the ruling coalition led by Osborne’s Conservative party, is committed to a policy of reducing government spending in order to attack the Ã‚Â£155bn (US$242bn) budget deficit.
Source: BBC News
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