G20 backs Britain's austerity drive: Osborne

23rd October 2010, Comments 0 comments

The G20 industrial nations back Britain's massive spending cuts as the government bids to rein in a record budget deficit, finance minister George Osborne said Saturday.

"No one expressed any concern," the Conservative chancellor told reporters after a two-day meeting of Group of 20 finance ministers in South Korea.

"Virtually everyone I spoke to expressed support for what I'd done," he said, after Britain's Labour opposition warned that the toughest spending cuts in decades would cripple one of Europe's biggest economies.

© 2010 AFP

0 Comments To This Article