Shadow Chancellor George Osborne has committed an incoming Tory government to
an emergency budget within 50 days of taking office.
It is part of his strategy to reassure the market the Conservatives would get
a grip on the economy in order to preserve the UK’s triple-A credit rating.
Osborne said: “There is not at the moment a credible government plan to deal
with the deficit and the task in that first budget, that emergency budget, is to
make sure that we spell out a credible plan that commands the confidence of the
international investing community and British businesses.
“Since we do face the threat of a downgrade, that is an emergency. We need to
get on and deal with it.”
He promised a rebalanced economy based on long term saving and investment and
support for a private sector driven by exports and enterprise.
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