UK needs 10 years of austerity to recover – think-tank

UK needs 10 years of austerity to recover – think-tank
LONDON (Reuters) – Britain needs 10 years of austerity to resolve its economic problems, independent think-tank Reform was quoted as saying in the Telegraph on Tuesday. The London-based think-tank questioned the plans of the coalition to restore growth by creating a building boom, and urged Chancellor George Osborne to stick to his spending cuts, the Telegraph reported. “Slow growth is inevitable given the levels of debt in the economy,” Reform was quoted as saying. …