Cameron Pledges 5-Part Plan to Drive Growth as Economy Improves

U.K. Prime Minister David Cameron said 2014 will be the year “in which Britain begins to rise” after a period of financial crisis.

The government has a five-part plan to drive the recovery and will focus on cutting the deficit and income taxes, creating new jobs by backing small businesses, capping welfare benefits and curbing immigration, Cameron wrote in the Times today. He also pledged to keep education a priority.

“Our recovery is real, but it’s also fragile, and there are more difficult decisions ahead,” Cameron wrote. “A return to that economic madness would devastate this country,” said the Conservative Party leader, referring to policies under the previous government, led by Labour.

The U.K. returned to growth in the first three months of last year after shrinking in the final two quarters of 2012. The economy expanded 0.8 percent in the third quarter of 2013.

To contact the reporter on this story: Nandini Sukumar in London at nsukumar@bloomberg.net

To contact the editor responsible for this story: Guy Collins at guycollins@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.