Arab Today, arab today british government announces unusual extra budget
Last Updated : GMT 18:15:25
Arab Today, arab today
Arab Today, arab today

British government announces 'unusual' extra budget

Arab Today, arab today

Arab Today, arab today British government announces 'unusual' extra budget

Britain's Chancellor of the Exchequer George Osborne
London - AFP

Britain's finance minister announced plans for a second 2015 government budget on Saturday to quickly implement his Conservative Party's campaign promises of spending cuts and savings following a surprise election win.

"On the eighth of July I am going to take the unusual step of having a second budget of the year," Chancellor George Osborne wrote in The Sun newspaper.

"I don't want to wait to turn the promises we made in the election into a reality ."

Osborne was re-appointed finance minister following an election last week in which David Cameron won a surprise majority and a second term as prime minister.

The chancellor has said he will strip out £12 billion (16 billion euros, $19 billion) a year from Britain's welfare bill in a bid to balance the nation's books by 2020, but has not given full details on where the cuts will fall.

Osborne said it would be a "budget for working people" that would protect the National Health Service, make savings in government administration and improve British productivity.

"We'll crack down hard on tax avoidance and aggressive tax planning by the rich -- because everyone should pay their fair share," he wrote.

"We'll spend less on welfare and instead invest to create three million more apprenticeships, so that young people can learn a trade, get better jobs and earn more."

Osborne last delivered a budget on March 18. Plans for a budget are usually announced in a statement to parliament, which is not yet sitting following the election.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today british government announces unusual extra budget Arab Today, arab today british government announces unusual extra budget

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today british government announces unusual extra budget Arab Today, arab today british government announces unusual extra budget

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: قضايا ساخنة
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday