BRUSSELS -- British Treasury chief Alistair Darling on Tuesday hit back at European Union calls for more aggressive deficit cuts, saying such moves would risk tipping Britain back into recession.
Responding to reports that the European Commission will tomorrow recommend that Britain move more quickly to reduce its ballooning budget deficit, he said the EU's recommendation would take 25 billion pounds out of the British economy.
It would also risk "seriously derailing the economy and tipping our economy back into recession," Darling said after a meeting of European finance ministers.
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