Select a language
UK Chancellor George Osborne will deliver his budget to parliament today in which he is expected to unveil £2.5bn (€2.9bn) in government department cuts.
The money saved is likely to be redirected towards infrastructure projects, which are designed to boost the nation’s economic growth.
This is Osborne’s fourth budget and follows a string of miserable economic news for the UK. Earlier this year the country lost its AAA credit rating, while data showed the British economy shrank at the end of 2012.
Was this article useful? If so we are delighted!
It is freely available because we believe that the right to free and independent information is essential for democracy. But this right is not guaranteed forever, and independence comes at a cost. We need your support in order to continue publishing independent, multilingual news for all Europeans.
Discover our subscription offers and their exclusive benefits and become a member of our community now!
