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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Britain faces toughest cuts for 20 years: Darling AFP - 2 hours 33 minutes ago Send IM Story Print Britain's Chancellor of the Exchequer Alistair Darling poses for photographs with his pre-budget report outside the Treasury, in London, in December. Darling warned on Saturday that Britain faces its toughest spending cuts in two decades if the ruling Labour party wins this year's general election LONDON (AFP) - – Finance minister Alistair Darling warned on Saturday that Britain faces its toughest spending cuts in two decades if the ruling Labour party wins this year's general election. Darling also confirmed to The Times newspaper that there would be a budget before the election, which must take place by June. That will quash speculation that Prime Minister Gordon Brown is preparing to call an early election. Darling, the Chancellor of the Exchequer, said in an interview that severe spending restraints were "non-negotiable" if he is to bring down the 178 billion pound (198 billion euro, 285 billion dollar) budget deficit. "My priority is to get borrowing down. Once recovery is established, we have to act," he said. "The next spending review will be the toughest we have had for 20 years... to me, cutting the borrowing was never negotiable. Gordon accepts that, he knows that." Darling told the newspaper that voters supported his effort to balance the books. "Most people know that public spending has doubled over the last 10 to 12 years, so we are coming off a much higher base," he said. "We are not talking about a situation where we have already cut to the bone." Darling was speaking after two former ministers, Geoff Hoon and Patricia Hewitt, launched a failed attempt to unseat Brown. Opinion polls suggest the opposition Conservatives will win the general election. Recommend Send IM Story Print News Search Top Stories Britain faces toughest cuts for 20 years: Darling Weak US jobs report highlights sluggish recovery Unemployment hits 10% across eurozone Formula One boss launches Saab rescue bid: reports Argentine bank chief resigns, vows legal action More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Formula One boss launches Saab rescue bid: reports Hugh Grant sets marriage as New Year's resolution New for 2010: anti-wrinkle bras, protein undies Unemployment hits 10% across eurozone Weak US jobs report highlights sluggish recovery More Most Viewed » British priest defends urging people to shoplift Beat the blues by going to bed early: study Huge tomb found at Egypt's Saqqara pyramid More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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