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  • UK's Darling says committed to cutting spending-FT

    LONDON, Jan 19 (Reuters) - British Finance Minister Alistair Darling said on Tuesday there should be no doubt about the government's commitment to reducing the country's record budget deficit.
    Worries about the 178 billion pound deficit and the risk of a downgrade to Britain's sovereign debt rating have sent shivers through bond markets in recent weeks.

    Darling's reluctance to set out immediate plans for reducing public spending over the next four years has fuelled concerns over the government's intentions.

    But Darling told the Financial Times in an interview he had been telling his ministerial colleagues for a year that the deficit had to be reduced.

    More information on reuters.com

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