Tech bosses voice support for Osborne cuts

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Tech bosses voice support for Osborne cuts

Alex Scroxton

Prominent figures in the UK's ICT market are among those to voice their support for chancellor George Osborne's round of spending cuts to be announced this week.

In a letter to the Daily Telegraph today, thirty-five of Britain's business leaders said that calls for the cuts to be spread out and watered down were dangerous, and that decisive action was needed to address the country's deficit.

Among the signatories to the letter were Charles Dunstone, chairman of TalkTalk and the Carphone Warehouse, Microsoft UK managing director Gordon Frazer, BT CEO Ian Livingston and Sage chief executive Paul Walker.

The letter warned that reducing the deficit slowly would only cause further borrowing, raise national debt as high as £100bn by the end of the current parliament, and dent consumer and business confidence in the embryonic recovery.

Addressing the question of rising unemployment - many thousands of public sector workers are expected to be canned as a result of the cuts - the group said: "The private sector should be more than capable of generating additional jobs to replace those lost in the public sector."

"The redeployment of people to more productive activities will improve economic performance, so generating more employment opportunities," they added.


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