Britain’s budget ushers in an era of austerity

By Andy Rice 23 June 2010

UK Chancellor of the Exchequer George Osborne announced the budget on Tuesday and it isn't pretty reading for anyone. A rise in value-added tax to 20% and a two-year pay freeze for public sector jobs are among the austerity measures the government is implementing with the aim to cut the country's deficit. Read more: The Guardian

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