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UK: PM Warns Brits of Tough Economic Times Ahead

Via NY Transfer News Collective  *  All the News that Doesn't Fit
 
Prensa Latina, Havana
http://www.plenglish.com

British Premier Urges People to Tighten Belts

London, Dec 30 (Prensa Latina) British Prime Minister Gordon Brown
urged his country on Sunday to brace itself for a year 2008 with
tightened belts amid global financial turbulence.

In his New Year greeting message, Brown warned that the global credit
problem which started in the US "is currently the most immediate
challenge to any economy."

A few months ago, Britain suffered a first impact of this crisis on the
Northern Bank, an institution the British administration is trying to
save without ruling out its eventual nationalization.

Brown pleaded for a renewal of the civil nuclear energy program as "the
most effective way to guarantee security of energy supplies" while
confronting climate change.

The British Premier also announced new actions will be implemented in
the fields of health, social security, planning, housing, education and
transportation.

ef rma vc PL-7

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