Camerons budget likely to be most austere in generation

22nd June 2010, Comments 0 comments

British media are describing the budget that Chancellor George Osborne is expected to unveil Tuesday 22 June as the most “austere” in a generation, with sharp tax increases and cuts in spending. The budget deficit is 11 percent of GDP. US President Barack Obama, in the runup to the G20 Toronto meeting in four days, ...

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