On Wednesday 14 September the Deputy Prime Minister, Nick Clegg MP, gave a speech at LSE where he said that the UK faces a ‘stark’ reality of economic pressures.
He outlined, among other things, how the coalition government will focus on improved international collaboration and delivering infrastructure projects, such as road-building and housing, as quickly as possible to hasten an economic recovery.
He announced that the government will ‘hand pick’ up to 40 of the biggest infrastructure projects for special priority status.
In his speech he said,
“The reality we face is stark; there is now little margin for error. But that does not mean we are helpless. It does not mean we intend to sit on our hands while the global economy falters."
You can listen to the speech and the Q+A here: http://www2.lse.ac.uk/newsAndMedia/videoAndAudio/channels/publicLecturesAndEvents/player.aspx?id=1118
You can read the the full speech here: http://www.dpm.cabinetoffice.gov.uk/news/speech-economy-london-school-economics
Wednesday 14 September 2011