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£12b of welfare cuts needed to balance budget found: Osborne

Mr Osborne plans to launch a £650 million raid on the BBC to help cover the country's benefits bill, according to "The Sunday Times"


BRITAIN'S finance minister George Osborne on Sunday said that he had found all £12 billion (S$25 billion) of welfare cuts he needs as part of his plan to balance the current budget by 2017/18, speaking ahead of his budget announcement on Wednesday.

The budget is Prime...

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