Bri­tons fear hard year ahead amid aus­ter­ity cuts

The Pak Banker - - I Nternational -

LONDON: Two-thirds of Bri­tons be­lieve the econ­omy will fare badly in 2011 as harsh aus­ter­ity cuts de­signed to tackle a record deficit be­gin to bite, a poll showed on Mon­day.

One in five also said they could see them­selves be­ing in­volved in demon­stra­tions against the spend­ing cuts in­tro­duced by the govern­ment.

The find­ings in the sur­vey for The Times news­pa­per high­light fears of a bleak year ahead in Bri­tain, where the re­cently formed Con­ser­va­tive-Lib­eral Demo­crat coali­tion govern­ment is seek­ing to make huge sav­ings.

The govern­ment, formed af­ter in­con­clu­sive polls in May, un­veiled the harsh­est spend­ing cuts for decades in Oc­to­ber aimed at elim­i­nat­ing Bri­tain's record 154.7-bil­lion-pound (182-bil­lion-euro, 238-bil­lion­dol­lar) deficit.

Nearly half a mil­lion pub­lic sec­tor jobs are ex­pected to go over four years as a re­sult of the sav­ings with most govern­ment de­part­ments fac­ing av­er­age spend­ing cuts of 19pc. -Ap

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