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(Title) The only way to avoid disaster is taking immediate steps to reduce the budget deficit today claimed an interview with BBC o George Osborne.
also said the British Exchequer, the coalition government in Britain had inherited a “very bad economic situation” and he said it will implement a four-year plan to address the situation.
The tough measures are “inevitable” claimed, adding that it is necessary in future to enable the British people to prosper.
The temporary budget of the new government will be presented Tuesday and the measures which should be included in the budget is the wage freeze for six million workers in the British government sector, reforming the welfare system and taxation of banks.
Also the measure provides tax breaks for new businesses and reduce the pensions of civil servants.
The UK deficit is 11% of GDP and reduce is the paramount concern of the new coalition government, in which the center-right conservatives and center-left Liberal Democrats.
The temporary budget will be announced Tuesday will be the hardest of the last 30 years and the estimated redundancies in the public sector and cuts in welfare benefits and wages are expected to cause intense dissatisfaction and “headaches” to the government.
the Labour Party warned the new government that it risks repeating the mistakes made in the decade in 1930.
According to the company ComRes poll conducted for the newspaper Independent on Sunday, found that support for the three major parties in Britain has changed since the May 6th elections were held, but showed some disagreements the austerity measures.
Most respondents agree that child allowances should be abolished for the wealthiest 48% agree that they prefer to pay more tax income than to cut public services and 49% disagree that the government exaggerates the dimensions of the problem in order to justify the cuts in the public sector.
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20-6-2010
2009 Five Presidents George W. Bush, President Elect Barack Obama, Former Presidents George HW Bush, Bill Clinton, Jimmy Carter Portrait 
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Socialists in Union Sq. (LOC) 
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