Saturday, August 4, 2012

Britain's finance minister: Country Programme will continue to - Loans

Britain will continue a program to reduce and consolidate debt, despite the recent confirmation of the credit rating agency Standard & Poor's. This position was announced today by the Minister of Finance of the United Kingdom, John Osborne, reports Reuters. As noted by Osborne, the decision by S & P found that ?despite the current economic challenges the UK, the international community is confident that we can resolve its economic problems.?

?The budget deficit declined by a quarter, the number of jobs increases, the economic balance is restored??? Osborne listed successes the British economy in recent years. ?Our credit rating may damage the failure to timely pay the external debt, but we do not say??? he stressed.

Earlier, the international rating agency Standard & Poor's confirmed the long-term rating at AAA Great Britain in the first day of the XXX Olympic Games in London.

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Source: http://allloans.biz/britains_finance_minister_country_programme_will_continue_to_reduce_debt/

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