[QODLink]
Inside Story
How to save the UK's economy
The UK finance minister has announced the biggest spending cuts in decades.
Last Modified: 21 Oct 2010 12:49 GMT

George Osborne, the UK's finance minister, has announced the biggest spending cuts in decade, saying these measures are the only way to bring the country from the brink.

The cuts, which will shape the course of the economy over the next four years, are the deepest since the early 1920s and follow the longest and deepest slump in output since World War Two. 

Economists are split between those who say the drastic action is needed and those who argue it will tip the UK back into recession.

So, will these cuts save the UK's economy? And were there any political motives?

Inside Story, with presenter Hoda Abdelhamid, discusses with Vanessa Rossi, a senior research fellow of the International Economics Programme at Chatham House, Iain Dale, a political commentator and author, and Mehdi Hasan, The New Statesman's senior political editor.

This episode of Inside Story aired from Wednesday, October 20, 2010.

Source:
Al Jazeera
Topics in this article
People
Country
Featured on Al Jazeera
Muslim volunteers face questioning and threat of arrest, while aid has been disrupted or blocked, charities say.
Six months on, outrage and sorrow over the mass schoolgirl abduction has disappeared - except for families in Nigeria.
ISIL combatants seeking an 'exit strategy' from Mideast conflict need positive reinforcement back home, analysts say.
European nation hit by a wave of Islamophobia as many young fighters join ISIL in Syria and Iraq.
Featured
Lack of child protection laws means abandoned and orphaned kids rely heavily on the care of strangers.
At least 25 tax collectors have been killed since 2012 in Mogadishu, a city awash in weapons and abject poverty.
Since she was 16-years-old, Scottish Nationalist Party's Sturgeon has strove for independence from the UK.
Armed group's ransom success with German hostages marks a re-emergence, as authorities investigate ISIL links.
Western nations are moving into the resource-rich country after decades of disinterest, challenging China's interests.