Economy

British PM’s desperate 2012 statement

A comparison between the British Prime Ministers’ 2011 statement and his recent New Year statement shows that David Cameron is far more cautious about the economic outlook than last year.

While in 2011 he declared the nation would get “back on its feet” given that Britain was “out of the danger zone,” he now warns that Britain has to deal with serious economic challenges in 2012.

In his statement, he admitted that Britain’s fortune is now out of his hand and the government could only secure some – not full- protection from the euro zone crisis.

“We’ve got clear and strong plans to bring down our deficit, which gives us some protection from the worst of the debt storm now battering the Eurozone,” he said in his 2012 statement.

Like any other politician, Cameron tried to pepper his somber message with some optimism, citing the forthcoming events in 2012.

“The coming months will bring the global drama of the Olympics and the glory of the Diamond Jubilee. Cameras and television channels around the planet will be here recording these magnificent events. And it gives us an extraordinary incentive to look outward, to look onwards and to look our best, to feel pride in who we are and what – even in these trying times – we can achieve,” he added.

However many analysts consider such remarks as just offering bread and circus to the people already wrecked from the gloomy economic situation.

The year has just started and economic observers are anxiously waiting to see if the coalition government could land the British economy beyond the shaky Eurozone countries safe?

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