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Independent voices from the The Washington Times Communities
Topic - Scott Corfe
Britain's Treasury chief George Osborne said Wednesday that the recovery of the U.K. economy is taking longer than he had hoped and warned more spending cuts will be needed to get public finances under control.
"Today was the day (Osborne) started to acknowledge that this is a long-tail recovery rather than a trampoline bounce back to good times," said Scott Corfe, senior economist at the Center for Economic and Business Research.