It also said that it was unlikely a state pension would still exist for today's young people when they hit old age, given the current scale of government spending cuts. (premierchristianity.com)
«The Bank is therefore caught between hiking rates to anchor inflation expectations, or leaving rates on hold to help prop up a fragile economy which faces the ramping - up of government spending cuts in coming months,» Markit's chief economist Chris Williamson said. (politics.co.uk)
Nicolas Sarkozy, defeated Sunday in France's presidential runoff by Socialist challenger Francois Hollande, joins a series of European leaders booted from office because of public anger over government spending cuts and economic crisis. (sandiegouniontribune.com)