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£12b of welfare cuts needed to balance budget found: Osborne
Add BT as a preferred sourcePublished Sun, Jul 5, 2015 · 09:50 PM
London
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 Minister David Cameron's Conservatives' clearest chance in almost two decades to remould Britain into a low-tax, small-state economy after an unexpectedly decisive election victory.
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