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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/01/tory-leaders-vow-to-stick-with-cuts.jpg"><img class="alignnone size-full" title="David Cameron defended cuts, stressing there are 'no short-cuts' to a stronger economy (AP)" src="http://londonglossy.com/wp-content/uploads/2011/01/min-tory-leaders-vow-to-stick-with-cuts.jpg" alt="David Cameron defended cuts, stressing there are 'no short-cuts' to a stronger economy (AP)"/></a></p>
<p>David Cameron and George Osborne have insisted they will stick to their spending cuts programme despite deepening economic gloom and renewed threats of co-ordinated strike action.</p>
<p>The Prime Minister used a speech at the World Economic Forum in Davos, Switzerland, to stress that there are &#8220;no short-cuts&#8221; to a stronger economy.</p>
<p>In a separate speech at the Swiss ski resort, the Chancellor dismissed the &#8220;siren voices&#8221; urging the Government to pull back from the cuts.</p>
<p>Union officials met in London to discuss the prospect of industrial action over the pay freeze and job cuts in the public sector.</p>
<p>After growth figures earlier this week showed the economy shrank by 0.5% in the final quarter of 2010, research published on Friday showed a dramatic fall in consumer confidence.</p>
<p>Mr Cameron said: &#8220;It&#8217;s going to be tough &#8211; but we must see it through. The scale of the task is immense, so we need to be bold in order to build this economy of the future.&#8221;</p>
<p>&#8220;The British people know these things. They understand there are no short-cuts to a better future. Those who argue that dealing with our deficit and promoting growth are somehow alternatives are wrong. You cannot put off the first in order to promote the second.&#8221;</p>
<p>Labour has accused the Conservative-Liberal Democrat Government of sacrificing growth with overly aggressive spending cuts.</p>
<p>Mr Osborne said that heeding Labour&#8217;s calls would lead to &#8220;disaster&#8221;, telling a business leaders&#8217; lunch: &#8220;It&#8217;s clear that for some that temptation remains &#8211; a bit more government spending here, pumping the bubble back up a bit there.</p>
<p>&#8220;We are absolutely clear &#8211; allowing ourselves to be seduced by those siren voices would only lead to even greater disaster down the line. Right now the right long-term choices for the economy are the difficult choices. Adjustment will not be without struggle.&#8221;</p>
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