U.K. Budget

U.K. Chancellor's Presentation

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.

Budget Coverage by Bloomberg News

Scots Defying Osborne on Union Still Want His Rates: U.K. Credit

Scottish politicians pursuing independence are determined to defy Chancellor of the Exchequer George Osborne by keeping the pound. They also want his borrowing costs, which are near record lows.
IMF Says U.K. Must Keep Focus on Reviving Economic Growth

The International Monetary Fund said Britain should stay focused on policies to foster economic growth and keep monetary policy loose, as it acknowledged some improvement in the country’s economic and fiscal situation.
U.K. Budget Deficit Widens as IMF Prepares to Deliver Verdict

Britain’s underlying budget deficit widened in April, dealing a blow to Chancellor of the Exchequer George Osborne as the International Monetary Fund prepares to deliver its verdict on the U.K. economy.
King Says Debate on U.K.’s Fiscal Policy Has Become ‘Overblown’

Bank of England Governor Mervyn King said the debate on fiscal policy has “really got overblown” and the government’s plan to aid home buyers shouldn’t become permanent.
Pentagon Seeks $9.6 Billion Shift to Priority Projects
Updated 45 minutes ago
The Pentagon is asking Congress to approve a plan shifting about $9.6 billion in this year’s defense budget to priority projects, mostly to pay for greater- than-expected Afghanistan war and transportation costs.