George Osborne, Britain’s Chancellor of the Exchequer insisted on cash-rich companies of Britain to invest and spend again to revive the country’s economic growth.

Addressing at the World Economic Forum in Davos, Switzerland, he said that over the next six months would his priority would be to strengthen the economic milieu and bring back enough confidence in companies make them to re-invest. He added that the corporate sector amount alone is about £50 billion and these cash reserves would play a crucial role in boosting the economy to overcome the economic setback. In a yet to be executed austerity cuts from the government it is essential to utilise this reserved money.

Considering the significance of economic uncertainties most chief executives of companies are more than ever unwilling to invest in and commit to new projects. This is also evidenced by their readiness to cut down on expenditures even at the first sign of hindrances.

Furthermore the previous week’s shocking revelation of figures that displayed the shrinking economy by about 0.5 per cent during the final quarter of 2010 fiscal year came as a blow. This was even more damaging as opposed to the positively held hopes of Mr. Osborne that the private sector would be at lesser risk.

Despite acknowledging the disappointing figures he insisted that the Government's focus on the deficit would not shrink but it continues to pledge in putting Britain's house in order.