Emergency Budget Announced

It’s Budget-time!

Yes, as promised Britain receives its emergency Budget annoucement from Chancellor George Osborne today.  As expected, it is chock-full with cuts and austerity measures which are intended, in Osborne’s own words to prevent “catastrophic collapse” in economic confidence.

Promising to be clear on the plans and not to hide the tough parts from the general public, Osborne launched into his first Budget as Chancellor since the new coalition government was voted in May.

Public sector pensions cuts, tax increases and pay freezes are all set to be part of the short- to medium-term future of Britain.  Backlash is likely especially from trade unions…

Explore posts in the same categories: Economy, Finance, News, Topical, UK Media

One Comment on “Emergency Budget Announced”

  1. smilingcynic Says:

    Looks bad for dole spongers and Parents; GOOD!

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