BoE governor surprised at lack of cuts anger

1st March 2011, Comments 0 comments

The governor of the Bank of England expressed his surprise Tuesday that there had not been more public anger at the British government's programme of deep public spending cuts.

Mervyn King told a parliamentary committee that "the cost of this crisis is only now beginning to be felt".

He added: "I'm surprised the degree of anger hasn't actually been greater than it has."

Prime Minister David Cameron's coalition government, which took power in May, has brought in cuts aimed at saving more than £75 billion ($125 billion, 90 billion euros) over four years as Britain seeks to slash a record deficit.

The plans were approved by King.

Britain's trade unions have scheduled a national day of protest on March 26, shortly after the government publishes its new budget.

© 2011 AFP

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