Tough budget makes UK economy more competitive

07:59, July 23, 2010      

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On June 23, British Chancellor of the Exchequer George Osborne outlined a five-year budget plan to reform the corporate tax system, promising simple rules and an objective of greater certainty for taxpayers.

The package sets out the actions that the U.K government will take in three areas: deficit reduction, enterprises and fairness and providing the conditions for sustainable growth.

During an exclusive interview with People's Daily Online, Duncan Sparkes, counselor for economic and trade policy at the British Embassy in China, defended the Chancellor's new budget and highlighted a couple of ways to strengthen the United Kingdom's economy and boost the country's competitiveness.

(Editor:张心意)

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  • Chinese President Hu Jintao watches the launch of Tiangong-1 space lab module at Beijing Aerospace Control Center in Beijing, capital of China, Sept. 29, 2011. Other members of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, including Wu Bangguo, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang and Zhou Yongkang, are also present. (Xinhua/Rao Aimin)

  • The graphics shows the launch procedures of the carrier rocket of Tiangong-1 space lab module, Long March-2FT1 on Sept. 29, 2011. (Xinhua/Lu Zhe)
  • Image taken from Beijing Aerospace Control Center shows a Long March-2FT1 carrier rocket loaded with Tiangong-1 unmanned space lab module blasting off from the launch pad at the Jiuquan Satellite Launch Center in northwest China's Gansu Province, Sept. 29, 2011. (Xinhua)
  • On Sept. 28, tourists travel around the Mingshashan Scenic Area in Dunhuang, Gansu province by camel. With the National Day vacation right around the corner, more and more tourists from home and abroad are going to Dunhuang. Riding on a camel, they travel in the desert to enjoy the cities rare form of natural scenery. (Xinhua/Zhang Weixian)
  • Chinese forest armed forces work together with forest firefighters on Sept. 28. (Xinhua/Chai Liren)
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http://english.people.com.cn/98373/98389/99064/7077583.pdf