October 20th, 2010
09:18 AM ET

UK announces deep budget cuts

The British government announced deep budget cuts Wednesday, as it tries to fight massive deficits.

It will include "ruthless privatization" and will leave "no stone unturned in our search for waste," Chancellor George Osborne told lawmakers in the House of Commons.

But it is also guided by the principle of "fairness," he said, saying, "those with the broadest shoulders will bear the greatest burden."

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Filed under: Europe • United Kingdom
soundoff (One Response)
  1. duke

    All it take is a rollback on everything!
    From government workers to the pay of government workers,
    Social security,to welfare payments,
    From taxes to rent
    Just do rollbacks for the next five to ten years!!

    October 20, 2010 at 1:42 pm | Report abuse |