May 23, 2012

Cameron says it is harder to cut deficit, but no let-up

Cameron says it is harder to cut deficit, but no let-up

photoLONDON (Reuters) – Prime Minister David Cameron said on Monday calls for temporary fiscal stimulus to boost the country’s faltering economy were “dangerously wrong”, and warned Britain risked the fate of Italy or Spain if he wavered from debt reduction plans. Speaking to business leaders a week before the government’s autumn budget statement, Cameron did flag some low-cost measures to support growth, such as underwriting mortgages for first-time homebuyers. …