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14 March, 2016 00:00 00 AM
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British finance minister flags budget cuts

AFP

AFP, LONDON: British finance minister George Osborne warned Sunday of further spending cuts to come in the government budget to be unveiled this week.
The chancellor of the exchequer said he needed to find savings by 2020 equivalent to 50 pence in every £100 the government spends.
“The world is a more uncertain place than at any time since the financial crisis and we need to act now so we don’t pay later,” he told BBC television.
“That’s why I need to find additional savings equivalent to 50 pence in every £100 the government spends by the end of the decade because we have got to live within our means to stay secure and that’s the way we make Britain fit for the future.”
But he said the cuts are “not a huge amount in the scheme of things”.
Osborne had slowed the pace of austerity cuts in his last spending review in November but has now clearly signalled fresh reductions are on the cards in Wednesday’s budget.
Official figures out last month showed that Britain’s economy slowed sharply last year.

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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