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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Webster Groves who wrote (67409)	10/21/2010 2:21:23 AM
From: elmatador	1 Recommendation Respond to of 217738

UK?unveils dramatic austerity measures “today is the day where Britain steps back from the brink”, George Osborne, the chancellor of the exchequer, revealed dramatic reductions to core departments over the next four years, a £7bn fall in welfare support and 490,000 public-sector job cuts by 2014-15. The UK cuts of £81bn ($128bn) over four years are the equivalent of 4.5 per cent of projected 2014-15 gross domestic product. Similar cuts in the US would require a cut in public spending of about $650bn, equal to the projected cost of Medicare in 2015 Hundreds of London-based diplomats will be made redundant, while the BBC will take on the full cost of running the World Service, which has been subsidised by the Foreign Office. On Tuesday, cuts of 8 per cent to the defence budget were laid out separately in the strategic defence review. The Ministry of Defence and the armed forces are facing cuts of 42,000 jobs by 2015 ft.com