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Britain heading in the right direction: Cameron

Published on Dec 30, 2012 9:37 AM

LONDON (Reuters) - Prime Minister David Cameron said on Sunday Britain was heading in the right direction on all its major issues and could look forward to 2013 with realism and optimism.

In a New Year video message, Mr Cameron said the country had made progress on cutting its budget deficit, reforming welfare and improving school standards.

Deficit reduction and preserving Britain's credit rating have been goals for the coalition of Mr Cameron's Conservatives and Liberal Democrats, which came to power in June 2010 just after the budget deficit peaked at 11.2 per cent of GDP.

Last year, it was down to 8 per cent of GDP but the government's own budget watchdog forecasts it will take until 2017 before it falls below 3 per cent and the government manages to run a surplus on cyclically adjusted non-investment spending.

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