Branson backs public spending cuts this year
Wednesday 17 February 2010
The Virgin boss Sir Richard Branson has boosted the Tories by calling for public spending cuts to start this year.
The entrepreneur said the UK's huge borrowing was a "serious risk" to the UK economy and action could not be put off. At the weekend 20 leading economists signed a letter to The Sunday Times calling for spending cuts to start in 2010-11, and for the structural deficit to be tackled faster.
David Cameron and the shadow Chancellor George Osborne have demanded immediate reductions, but the Government insists acting too early would harm the recovery. Speaking to the Evening Standard, Sir Richard said: "I believe the UK's record budget deficit does pose a serious risk to our recovery. It would be damaging if we lost the confidence of the markets through delayed action and saw interest rates have to go up steeply. We must send a clear signal that we have... a clear strategy for UK plc."
- 1 Isis 'jihadi bride' claims forced sex with Yazidi girls is never rape because Koran condones it
- 2 Art Garfunkel calls Paul Simon a 'monster' with a Napoleon complex
- 3 Woman accidentally shoots herself in the head while posing for a selfie
- 4 Isis burns woman alive for refusing to engage in 'extreme' sex act, UN says
- 5 Puerto Rico, island of lost dreams: People are leaving the debt-hit territory in droves as near neighbour Cuba's star rises
Isis 'jihadi bride' claims forced sex with Yazidi girls is never rape because Koran condones it
Woman accidentally shoots herself in the head while posing for a selfie
Isis burns woman alive for refusing to engage in 'extreme' sex act, UN says
Puerto Rico, island of lost dreams: People are leaving the debt-hit territory in droves as near neighbour Cuba's star rises
16-year-old girl beaten and burned alive by lynch mob in Rio Bravo, Guatemala
As a white man, I'm surprised more women aren't tweeting the hashtag #KillAllWhiteMen
Scotland may have to leave the EU even if it votes to stay in, David Cameron confirms
The day that Britain resigned as a global power
Almost a third of school pupils believe 'Muslims are taking over our country', study claims
SNP fury as HS2 finds 'no business case' for taking fast train service to Scotland
Gay marriage 'Bert and Ernie' cake bakery found guilty of discrimination in Northern Ireland
£40-50K: Guru Careers: We are seeking an experienced Software / C# Developer w...
£35 - 40k + Benefits: Guru Careers: We are seeking a Software Developer (JavaS...
£18000 - £23000 per annum + Commission: SThree: As a Trainee Recruitment Consu...