Britain cuts spending in new austerity drive

Jul 9, 2015

Britain cuts spending in new austerity drive

Britain’s finance minister, George Osborne, unveiled fresh austerity measures Wednesday to slash debt, evoking the plight of crisis-hit Greece in the first purely Conservative budget in almost two decades. Osborne drastically cut welfare spending to honor campaign promises to forge ahead with austerity after ...

Mar 22, 2013

Key points of U.K. austerity budget

London AFP-JIJI Chancellor of the Exchequer George Osborne announced revisions to economic growth forecasts from the Office for Budget Responsibility. He said the economy is expected to avoid sliding into a triple-dip recession in the first quarter of 2013. The forecast for GDP growth ...