British PM plans cabinet reshuffle to boost economy

September 3rd, 2012 - 11:03 pm ICT by IANS  

David Cameron London, Sep 3 (IANS) British Prime Minister David Cameron is expected to reshuffle his government this week as members of parliament returned Monday for a new term after the summer break, Xinhua reported.

The reshuffle, expected to be announced on Tuesday, will be the first by Cameron since the May 2010 general elections that brought him to office.

Cameron wants to inject new energy into Britain’s stagnant economy, with measures to boost business lending, support new housing and streamline the planning system.

The prime minister has faced growing criticism of his leadership within his own Conservative party.

Writing in The Mail on Sunday newspaper, Cameron vowed to “cut through the dither” and breathe new life into the nation’s recession-mired economy with a series of new initiatives in this parliamentary term.

He also pledged to continue reining in Britain’s deficit amid the ongoing eurozone sovereign debt crisis.

Reports suggested that high-ranking ministers such as Nick Clegg, Finance Minister George Osborne and Foreign Secretary William Hague would retain their posts.

The prime minister is also planning a package of reforms in an effort to kick start the economy, including relaxation of planning rules that restrict house building.

Among possible proposals will be government guarantees to underwrite some mortgages and building projects.

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