Chancellor Darling on the wires

Written December 10, 2009 at 4:27 AM EST by  

Chancellor Alistair Darling had this to say today in London;

- absolutely determined to halve deficit in 4 years

- deficit cutting will start when recovery is cemented

- future spending on jobless benefits is unclear

- signs on UK labor market encouraging

- it is right to cut deficit in an orderly way

- retain UK status as financial hub

- wants to change culture of high bonuses, but not against bonuses as matter of principle

- now is not the time to pay high bonuses

- he wants UK to be seen as destination of choice

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