UK coalition to start budget deficit cuts this week

2010/05/23 08:48:13 @Reuters: World News

LONDON (Reuters) - Britain's Conservative-Liberal Democrat coalition government will Monday get to work cutting spending to reduce a record budget deficit as it seeks to ease fears of contagion spreading from Europe's fiscal crisis. The new coalition, formed after the May 6 election produced no outright victor, will also announce its first program of law-making this week, including political reforms and tighter banking regulation. div class="feedflare" a href="http://feeds.reuters.com/~ff/reuters/worldNews?a=e8TwkMzDoq0:IgUyH-JMvUw:yIl2AUoC8zA" img src="http://feeds.feedburner.com/~ff/reuters/worldNews?d=yIl2AUoC8zA" border="0" /img /a a href="http://feeds.reuters.com/~ff/reuters/worldNews?a=e8TwkMzDoq0:IgUyH-JMvUw:F7zBnMyn0Lo" img src="http://feeds.feedburner.com/~ff/reuters/worldNews?i=e8TwkMzDoq0:IgUyH-JMvUw:F7zBnMyn0Lo" border="0" /img /a a href="http://feeds.reuters.com/~ff/reuters/worldNews?a=e8TwkMzDoq0:IgUyH-JMvUw:V_sGLiPBpWU" img src="http://feeds.feedburner.com/~ff/reuters/worldNews?i=e8TwkMzDoq0:IgUyH-JMvUw:V_sGLiPBpWU" border="0" /img /a /div img src="http://feeds.feedburner.com/~r/reuters/worldNews/~4/e8TwkMzDoq0" height="1" width="1"/
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