UK Economy Too Weak for Sharp Spending Cuts

LONDON, April 14, 2010 /PRNewswire/ -- The markets expect to see a commitment to deep cuts but the incoming UK government should wield the axe next year, warns Robin Bew, Editorial Director and Chief Economist at the Economist Intelligence Unit.

In this month's Global Forecast programme broadcast on http://www.cantos.com he adds that too much tightening now will snuff out the recovery.

What politicians need to deliver at this stage to prevent a loss of confidence is a credible story about what will happen next year when the economy could withstand spending cuts and tax hikes.

The interview and transcript are available now on http://www.cantos.com.

Cantos.com, the online financial broadcaster, features in-depth interviews, documentaries and webcasts with senior company executives. If you would like to contact us, please email [email protected] or phone +44-207-936-1352.

SOURCE Economist Intelligence Unit

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