Cameron, Clegg See U.K. Economy ‘Healing’ as Deficit Cut

Prime Minister David Cameron and his deputy Nick Clegg, announcing new priorities for their governing coalition, said the U.K. economy is “healing” as they vowed to push ahead with deficit-reduction plans.

“I am confident the British economy is healing; I am confident we are doing the right things to tackle the black hole in the public finances,” Liberal Democrat leader Clegg said at a news conference, after the leaders were asked if they could see growth returning after suffering a double-dip recession. “Of course we want the healing process to take place faster, but look at the headwinds we’re having to deal with,” such as the crisis in the euro area and consumer debt, he said.