VOA标准英语2010年-Britain Makes Huge Cuts to Avert Debt

Britain's Chancellor 1 of the Exchequer 2 George Osborne holds his Budget Box as he poses for the media outside his official residence at 11 Downing Street in central London, 22 Jun 2010

Britain's new coalition 3 government has passed an emergency budget after warning the state of the country's finances is much worse than anticipated.

The Clapham Park Estate was once voted one of the worst social housing developments in London.  The window frames are crumbling 4, the apartments are dark and damp and the estate suffers from high levels of crime, drug use and unemployment.  Many of the residents are reliant on state handouts 5 to get by.  It is places like this that could be hit hardest by cuts in housing and social benefit.

The apartment blocks were due to be demolished 6 and rebuilt, but the money has run out.  Vernon de Maynard is chair of the local residents' association.

"We are asking when we are going to get decent homes," he said.  "They tell us 2016, or 2017 plus ... so again it is the little person at the bottom of the scale who gets it in the neck."

Britain's new chancellor, George Osborne of the Conservative Party, claims the previous Labor 7 Party administration took the country to the edge of bankruptcy 8.

In an emergency budget he outlined, public spending will be slashed 9 by one quarter over five years, heralding 10 widespread job losses in the public sector 11 and cuts to Britain's welfare state. 

The new budget has been met with angry protests.

"Eighty percent, four-fifths of dealing 12 with this deficit 13 that we are now in, through the bankers and all the problems that they caused, is to be borne by public services workers and the services that they provide," said Dave Prentis general secretary of the public service union, 'Unison 14'.

Britain's government spent more than $1.25 trillion on bailing 15 out banks following the economic crisis.  It has helped push the deficit in Britain to more than 11 percent of GDP, one of the highest debts in Europe.

The government says Britain, like Greece or Spain, is in danger of losing its triple-A credit rating, so it is slashing 16 spending to balance the books.

Susan Anderson from the Confederation of British Industry, which represents private businesses, says the government is right to take drastic action.

"The U.K. is facing a considerable period of austerity," said Anderson.  "We have got one of the highest deficits 17 in the OECD, we know we need to take action.  We think the government has taken the right balance between cutting public spending and some tax increases."

With its own sterling 18 currency, Britain has been able to keep the euro currency crisis at arm's length.  But Europe is Britain's biggest trading partner, and any problems there hit the British economy.

Economics Professor Wendy Carlin, of University College London, says there is a further risk that simultaneous cuts across the continent will make things worse.

"The problem is if all the big countries in Europe cut spending at the same time it is very difficult to see where the extra sources of demand are going to come from to sustain growth," said Carlin.

Just a mile from the bustle 19 of London's financial district lies Borough 20 Market.  Among the pricey food and drink stalls, Michele Marconi arranges the exotic blooms at her flower shop, Chez Michele.  They are the type of luxury item that are vulnerable in a downturn, and which now face an increase in sales tax to 20 percent.  Michele takes a philosophical 21 viewpoint.

"In my position I cannot do a lot, I just have to follow what happens," said Marconi.  "They are probably going to buy less flowers, but I think if you still maintain quality your customers will always come back."

Such optimism is reflected in the general public.  A recent poll showed 59 percent of British people support the government's spending cuts.  Its message about the danger of the debt appears to be getting through.

But the full effects of the cuts will only be felt in the coming years.  More protests like this seem certain as British society faces it biggest transformation in a generation