Cameron outlines 'clear and strong plans' for 2012

The coalition government has outlined its "clear and strong plans" to reduce the UK's deficit in the year ahead.

In his New Year message, prime minister David Cameron said that reducing the deficit would afford the UK some protection from the worst of the debt storm "now battering the eurozone".

"I know much needs to change," he said. "We've got to do more too to bring our economy back to health. While much of Europe's economy is struggling, other parts of the world are growing.

"There are huge opportunities for our businesses all over the planet. I'm determined to get out there and seize them."

The prime minister also highlighted the government's plans to transform infrastructure by improving roads, railways, broadband and housing.

Among the other announcements in his speech were plans to do more to tackle "excess" in the City, as well as reforming welfare to provide better support for families.

Mr Cameron also reiterated his commitment to the Big Society ideal, suggesting that the British people "have what it takes" to turn things around for the country.

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