• News Feeds
Page last updated at 07:40 GMT, Monday, 6 June 2011 08:40 UK

Osborne: 'My plan provides flexibility'


There is huge pressure on the Chancellor George Osborne to think again about the speed at which he is planning to cut the deficit.

Recent economic figures suggest that growth in the economy is low even before spending cuts have taken effect.

A group of economists have written to the Observer arguing that his plans could become self-defeating.

But while George Osborne accepted that there were "choppy economic conditions," speaking to Sarah Montague he argued that his economic plan had earned confidence on the international markets.

"The rock upon which the stability of the economy rests is our credible fiscal plan," he said.

But he also argued that there was "flexibility built into the plan we announced a year ago", with a "cyclical" response to the economic climate.

"There is an assumption that either you don't do any cutting at all or there is my plan.

"My plan actually, I think, provides flexibility but also stability and confidence."

Get in touch with Today via email , Twitter or Facebook or text us on 84844.


Story Tools


Sign in

BBC navigation

Copyright © 2019 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific