George Osborne, the UK chancellor, has faced down pressure to reverse police cuts in the wake of this week’s riots, warning that deviation from his deficit reduction plan could “plunge Britain into the financial whirlpool of a sovereign debt crisis”.
Mr Osborne insisted Britain was a haven in “the most dangerous time for the global economy since 2008”, but told MPs in an emergency Commons session it would be a disaster to relax £81bn of spending cuts.
The chancellor’s comments came after David Cameron faced more than two hours of Commons questions about the riots that hit London and other English cities this week, with many MPs demanding the scrapping of plans to reduce police budgets by 20 per cent.
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