Stripped: Britain announces massive assets sale to cut debt
AFP
Last updated:
Mon, 12 Oct 2009 14:18:00 +0000
British Prime Minister Gordon Brown announced on Monday a massive 16-billion-pound sale of state assets including the Channel Tunnel rail link, to cut soaring debt caused by economic crisis.
Brown, facing a potential election wipe-out next year at the hands of the main opposition Conservatives, wants to halve Britain's deficit in four years after it ballooned amid a deep recession.
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