UK PM against fiscal stimulus

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British Prime Minister, David Cameron, says calls for temporary fiscal stimulus to boost the countrys faltering economy were "dangerously wrong". He warns that Britain risks the fate of Italy or Spain, if he wavered from debt reduction plans.

Speaking to business leaders a week before the governments autumn budget statement, Cameron did flag some low-cost measures to support growth, such as underwriting mortgages for first-time homebuyers. The Conservative leader said proposals from the opposition Labour Party for a government cash injection to boost the economy, lacked support from businesses and would make Britains economic problems worse, not better.

Cameron adds, Britain would face a crippling rise in government borrowing costs if he and his Liberal Democrat coalition partners deviated from a plan to largely eliminate the countrys budget deficit over the next five years.

Editor:Zhang Hao |Source: CNTV.CN



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