UK Prime Minister vows to breathe life into economySeptember 2, 2012 - 19:30 AMT PanARMENIAN.Net - British Prime Minister David Cameron vowed Sunday, Sept 2 to "cut through the dither" and breathe new life into the nation's recession-mired economy with a series of new initiatives, according to AFP. With lawmakers returning to parliament on Monday after their summer break, Cameron also pledged that he would continue cutting debt amid the ongoing eurozone sovereign debt crisis. "We will return (to parliament) this week with new government bills for economic development," he wrote in the Mail on Sunday newspaper. The premier said his Conservative-Liberal Democrat coalition government would put forward measures to boost growth by relaxing planning rules for new homes. "A key part of recovery is building the houses our people need, but a familiar cry goes up. 'Yes we want more housing; but no to every development -- and not in my back yard'." "Frankly, I am frustrated by the hoops you have to jump through to get anything done - and I come back to parliament more determined than ever to cut through the dither that holds this country back," he said. Britain remains mired in recession amid painful state austerity cuts and ongoing fallout from the debt crisis in the eurozone, a key trading partner. "We're on a hard road to balancing Britain's books," Cameron said. "I know that people look at our growth figures, hit by the eurozone crisis and the fallout from the financial crisis, and ask: is this worth it? But we have to remember the fundamental truth at the heart of this debate: you cannot borrow your way out of a debt crisis. Countries across Europe have found there's a tipping point where piling on more debt isn't just counterproductive, it is lethal - because you slam the brakes on growth." Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Viva-MTS: Tech solutions to modernize infrastructure of border village The border village has been the focus of Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values since 2015. Ucom's fixed network launched in Artashat To mark this occasion, the company has introduced a special offer exclusively for Artashat residents. “By Your Side”: IDBank's new support program for displaced Artsakh citizens IDBank is launching a long-term social support program for forcibly displaced Artsakh residents. The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. |