U.K. Chancellor of the Exchequer George Osborne presents the government’s annual budget amid calls to relax his deficit-reduction measures. Osborne, who speaks to Parliament at 12:30 p.m. in London, is constrained by his commitment to keep Britain’s AAA credit rating.
U.K. Chancellor of the Exchequer George Osborne wrote to ministers saying he’ll cut the amount of money their departments can spend in the next three years by 1 billion pounds ($1.6 billion) each year.
Britain will preserve its bond- issuance plans this year to exploit low debt costs and cut sales of Treasury bills instead, as the fastest economic growth since 2010 reduces how much the government needs to borrow.
Prime Minister David Cameron voiced his support for Chancellor of the Exchequer George Osborne, praising their relationship before tomorrow’s Autumn Statement that’s set to highlight Britain’s strengthening recovery.
Four of the U.K.’s largest mobile- phone companies agreed to implement measures to reduce unexpected charges, after coming under pressure from government ministers keen to show they’re helping consumers.