Britain slashes spending in new austerity drive

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British finance minister George Osborne unveiled fresh austerity measures Wednesday to slash the country’s debt, evoking the plight of crisis-hit Greece in presenting the first purely Conservative budget for nearly 20 years. Chancellor of the Exchequer Osborne slashed welfare spending to honour campaign promises after his Conservative party — headed by Prime Minister David Cameron — unexpectedly won an outright majority in a May 7 general election. “This is a Conservative budget that can only be delivered because the British people trusts us to finish the job,” said Osborne, who now has a free hand with the public finances…

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The Pleasure Domes of Florida - Oxford American


The Pleasure Domes of Florida
Oxford American
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