Tuesday 22 June 2010

Budget: Osborne's 'tough but fair' budget

Channel 4 News
"Mr Osborne promised to balance the deficit within the next five years, saying that 77 per cent of the measures to do so outlined in the budget are spending cuts, while 23 per cent would come from tax rises."
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Bloody George wields the axe - Public spending and welfare slashed... and VAT rises to 20%(Daily Mail)
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Budget 2010: VAT rise and benefits cuts to tackle Britain's deficit (Telegraph)

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Budget 2010: VAT to rise to 20% as Osborne seeks to balance books by 2015 (Guardian)

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(Reuters) - Britain's coalition government produced the harshest budget in a generation on Tuesday, slashing spending, raising sales tax and slapping a levy on banks to cut a record deficit to almost nothing in five years.

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