How the U.K. is Going to Fill the Black Hole in its Budget

[kreslik.news]

While speaking to the BBC before this year’s budget statement, U.K. Treasury chief George Osborne stated that the forecasts for the world economy had worsened since he posed tax and spending estimates last November and that other actions were necessary to fight the budget deficit.
The Chancellor of the Exchequer announced that he plans to bring more details on Wednesday regarding new savings that would reduce expected public spending by an additional 0.5% off each year over the next four years to let him meet his target of bringing the U.K.’s public finances into surplus.
The chancellor’s effort to wring public expenses ... (read more)