U.K. to cut welfare cuts amid decreasing taxes

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Source: Bloomberg
Head of the U.K. Treasury George Osborne announced on Monday that it will be necessary to cut additionally 25 billion pounds in welfare spending after the 2015 election, as the upcoming reduction in taxes will have a negative effect on the budget. At the same time, the government coalition partners, Liberal Democrats, disagree with such a decision and will oppose any try to implement it.
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Mon, 06 Jan 2014 17:16:05 GMT

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