UK Tories see best chance in 18 years to cut welfare bill
First Budget statement after election win due next week
Add BT as a preferred source
London
PRIME Minister David Cameron's Conservatives have their best chance in almost two decades to remould Britain's economy next week, in their first Budget statement after an unexpectedly decisive election victory.
Freed from needing the support of their former coalition partners, the Liberal Democrats, Conservatives want to reduce borrowing faster this year and set out plans to cut the annual welfare bill by £12 billion (S$25 billion).
TRENDING NOW
Firm loses wrongful dismissal case despite following termination clause
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
Soilbuild’s Lim Chap Huat sues Brookfield, claims it reneged on joint venture: WSJ
Citi, OCBC downgrade UOB post-Q2 results; RHB upgrades on valuation
