The British government will sell state assets and funds in order to reduce the large budget deficit.

This plan was announced by the Prime Minister Gordon Brown. The government aims to collect around 16 billion pounds, and in the first wave of sales, the government expects to raise three billion pounds. British experts explain that the sale of state property funds in various companies, aims to avoid drastic multiple public cuts such as in healthcare and education, but also avoiding the need to increase taxes. The budget deficit dramatically increased last year after the global financial and economic crisis broke.