UK economy heading for triple dip recession

UK economy heading for triple dip recession; SWITZERLAND: Davis: World Economic Forum 2013: INT George Osborne MP (Chancellor) interview SOT - we're reminded today that Britain faces a very difficult economic situation, we faced a particularly difficult year last year and that we've got these problems at home, the debt's built up over many years, and the problems abroad with the Eurozone where many of our exports go are in recession/ we can either run away from those problems or we can confront them - (asked what he is doing to change current economic slump) well Britain faces a very difficult economic situation because - we had the biggest banking crash of our lifetimes, the highest budget deficit/ the government is confronting the problems, it's dealing with the deficit, the deficit has come down by a quarter/ it is making our economy more competitive so that businesses can grow and create jobs/ jobs are being created - this week we saw unemployment fall again - (asked about alleged difference of opinion with Deputy Prime Minister Nick Clegg on 'austerity' policy) that is not at all what the Deputy Prime Minister said/ everyone in this country and in the government knows that Britian has a debt problem, that you can't live beyond your means, you have to show the world you can pay your way - (re alleged negative foreign business response to David Cameron's recent referendum pledge on UK role in EU) some of the leading business people of Britian and international companies have said in the last two days that is is absolutely the right argument for Britian to be making/ they've said very clearly that Europe needs to change so that businesses can compete and succeed in Britian and the rest of Europe and that you need the consent of the British people


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