Chancellor Darling on the wires
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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