22 June 2010

Osborne's Budget

The Emergency Budget is being announced today by brand new Chancellor George Osborne.

As had been widely expected, the report is filled with tough spending cuts and measures designed to reduce the huge deficit that the country is currently clouded by.

But while most Britons are bracing themselves for a time of bargain-hunting and tighter purse strings, there are some sectors that have reacted angrily at the way that they have been affected. One such group is that of public sector workers such as nurses and teachers, who are facing pension cutbacks.

Tax rises, pay freezes....welcome to the new British climate. The only hope is that it will do the job to get the economy back to stability.

No comments: