EU Commission says UK must do more to set out debt reduction plan
The European Commission, like the Conservatives and many leading economists, has suggested that the British government needs to do more to tackle the Budget Defecit.
This is a heavy blow for Gordon Brown’s credibility. The Conservatives have been arguing that we need to reduce our record budget deficit more quickly in order to support the recovery. Our argument is backed by credit rating agencies, business leaders, international investors and now the European Commission. That is why we need a change of government to restore confidence in our economy at home and abroad.