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Osborne vows hefty UK welfare cuts

Newly re-elected Conservative govt to cut spending by £12b out of annual budget of £220b

Published Sun, Jun 21, 2015 · 09:50 PM

London

BRITISH finance minister George Osborne has said he will press ahead with hefty cuts to welfare in a budget statement next month, a day after tens of thousands of people marched against austerity in central London.

Writing in The Sunday Times, Mr Osborne and welfare minister Iain Duncan Smith said the newly re-elected Conservative government would go ahead with plans to cut welfare spending by £12 billion (S$25.…

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International

International

Osborne vows hefty UK welfare cuts

International

Sunak says UK to raise defence spending amid global threats

China’s central bank hints it may add treasury bond trades to policy toolkit

US business activity cools in April; inflation measures mixed

India’s inflation at risk from extreme weather, geopolitical issues: central bank

Thailand to replace military-appointed Senate, reduce its powers

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