InfoAnda - Britain to announce big spending cut plans

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

EU telecoms reform goes back to negotiating table | 7 May 2009
CBS clobbers its rivals in prime-time ratings | 22 January 2009
Twitter site offers followers line to God | Technology | | 19 August 2009

Spider-Man actor hurt in Broadway plunge | 22 December 2010

Forum Views () Forum Replies ()

Read more with google mobile : Britain to announce big spending cut plans

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Photos Sitemap Britain to announce big spending cut plans AFP - 44 minutes ago Send IM Story Print LONDON (AFP) - – Britain's new coalition government will Monday outline how it plans to slash government spending by 6.0 billion pounds (6.9 billion euros, 8.7 billion dollars) to reduce the nation's record deficit. "Tomorrow we're setting out where we'll make six billion pounds worth of savings -- and every day after that we will make sure that the most vulnerable in society are protected from cuts," Prime Minister David Cameron wrote in the popular News of the World tabloid published Sunday. Meanwhile a sharp deterioration in the eurozone economy has forced Britain to slash its huge public deficit faster than anticipated, Britain's Deputy Prime Minister Nick Clegg has insisted. Official data released on Friday showed that the deficit had hit 156.1 billion pounds in 2009/2010, or 11.1 percent of gross domestic product (GDP). That was lower than the previous estimate of 163.4 billion pounds -- but still a record high level. The Sunday Times reported that the Department for Business, Innovation and Skills would bear the brunt of the initial cuts, making savings of 900 million pounds. It added that the coalition plans to save 513 million pounds by slashing the budgets of advisory bodies and abolishing others, while civil servants' perks such as taxis, flights and hotel accommodation are also targets. The coalition of Cameron's Conservative Party and Clegg's Liberal Democrats could also end up cutting between 300,000 and 700,000 public sector jobs over the coming years, the weekly broadsheet added. The government also plans to secure 8.0 billion pounds via a special tax on banks, according to The Independent on Sunday. The paper said the figure is nearly three times higher than originally planned by finance minister George Osborne. Britain may also face a rise in the rate of tax on goods and services to as much as 20 percent from 17.5 currently. Ahead of the country's general election earlier this month, Clegg had publicly opposed plans by the Conservatives to cut public spending this year by 6.0 billion pounds -- saying it was too much, too soon. But in an interview with the BBC on Sunday, Clegg said "we need to show at a more accelerated timetable than I'd initially thought that we're going to get to grips with this great black hole in our public finances." Clegg added: "I don't think anybody could have anticipated then (before the election) quite how sharply the economic conditions in the eurozone would have deteriorated and that the need to show that we were trying to get to grips with this suddenly became much greater. "I don't think anybody could have predicted... the situation in Greece would have had this knock-on effect which has created immense anxiety on our European doorstep -- the European Union market to which we export the vast majority of our services and goods." Britain's public finances have been ravaged by a record-length recession that has slashed taxation revenues and ramped up expenditure, as well as by enormously expensive banking-sector bailouts. Britain's Treasury minister David Laws said on Saturday that the country faced an "age of austerity". Elsewhere, The Sunday Telegraph said the new government plans an ambitious programme of at least 21 new bills over the next 18 months. It intends to immediately bring in key school reforms and scrap the former Labour government's scheme to introduce identification cards for individuals, added the paper which said it had seen draft plans. The government will officially outline its legislative intentions in a speech delivered by Queen Elizabeth II on Tuesday. Recommend Send IM Story Print News Search Top Stories Britain to announce big spending cut plans Clinton, Geithner arrive in Beijing for talks Tourists take walk on wild side with LA gang tour Pope, ECB chief slam governments over debt crisis BA strike talks abandoned after protestors storm building More Top Stories » Most Popular Most Viewed Most Recommended Paris museum burglar grabs 120-million-dollar art haul US team creates first 'synthetic life' Pope, ECB chief slam governments over debt crisis Tourists take walk on wild side with LA gang tour BA strike talks abandoned after protestors storm building More Most Viewed » Scientists stunned as grey whale sighted off Israel Lack of sleep linked to early death: study UN fears 'irreversible' damage to natural environment Earth may be too hot for humans by 2300: study Ocean fish could disappear in 40 years: UN More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Sunday, 23 May 2010
Turkish secularists elect new leader
New art theft in France: police
Bolivia to swap organic food for Finnish technology: Morales
Iran threatens to drop nuclear fuel deal
Putin urges Kyrgyzstan to end political uncertainty
Taliban attack southern Afghan base, troops wounded |
Skrela guides Toulouse to fourth European Cup crown
U.N.'s Ban calls Somali government chance for stability
UK faces aggressive cuts in 'age of austerity'
U.N.'s Ban calls Somali government chance for stability |
Fiscal discipline urged to cure market ills
British ministers on Afghan visit want troops out
Britain says not setting timetable on Afghan pullout |
Palestinians' Abbas swings behind boycott campaign
Three soldiers, one civilian killed in Afghanistan: NATO
Turkish secularists elect new leader |
Insurgents attack NATO's southern Afghan base
Korean film scoops Cannes 'Un Certain Regard' prize
Pakistan blocks 800 web pages over 'blasphemy'
Former Indonesian first lady Ainun Habibie dies
India plane with 166 on board crashes; 8 survive
Plane crash kills 158 in south India
13-year-old American climbs Everest, calls his mom
India minister says 'morally responsible' for air crash
Obama forms spill commission as oil mess spreads
Investigator: 2 detained admit aiding NYC bomb try
US Abbott buys Indian pharma unit for $3.7 bln
Pakistan detainees proud of role in NYC bomb case
French film on Algeria monks wins Cannes side-prize
Iran film-makers call for Panahi's release
Saudi 'emo' girls busted by religious cops: report
Russian director defends "Burnt by the Sun" sequel
Militants attack NATO's key southern base
BA strike talks abandoned after protestors storm building
Facebook tuning privacy controls to appease critics
Eight survive plane crash in south India, 158 dead |
Iran threatens to drop nuclear fuel deal
Bank of Spain takes over management of another savings bank
Bangkok cleans up, exchange to reopen Monday |
Troops wounded as Taliban attack southern Afghan base |
Cuba to improve conditions of prisoners: source |
Bi-partisan National Commission On Ongoing Oil Spill Disaster
Ethiopians vote in test of democracy |
Toronto Mayor Showcases Safety, Downplays Security Threats During Upcoming G20
Firm Recalls Alfalfa Sprout Tainted With Salmonella After 20 Sickened
Pakistanis, Indians clash in Kashmir, one dead |
Irish police arrest militants, explosives found |
Mob kills three in troubled central Nigeria |
Train derails in storm-hit east China, 10 dead |
Army: Pakistani killed by fire from Indian Kashmir
Obama says diplomacy, military go hand in hand
Insurgents attack NATO's southern Afghan base
Jamaican PM faces unrest over gang leader's extradition
Clinton to arrive in Beijing ahead of talks
Truck-bus collision kills 32 in China
Investigators scour Air India plane crash site
Thai PM: No early elections until violence ends
Hunt for clues after India crash kills 158; 8 live
Train derails in storm-hit east China, 10 dead
Sure-footed Australian PM stumbles before polls
China seeks hidden millions in New Zealand: report
Tourists take walk on wild side with LA gang tour
South Korea, China, Japan trade chiefs meet
S.Korea needs to toughen fin regulations-c.bank official
Tourists take walk on wild side with LA gang tour
Documentary makers peek at unvisited nooks of the world
US-ENTERTAINMENT Summary
Lindsay Lohan back in LA for Monday court showdown
Homosexual review goes online in Morocco
Highlights of Cannes film festival
British, French films in frame for top Cannes award
World's most expensive stamp sold in Geneva
Skinheads attack Slovakia gay rights parade: report
Gays parade in Bucharest under tight security
Lindsay Lohan back in LA for Monday court showdown |
British, French films in frame for top Cannes award |
As tensions rise, Israel launches air raid drill
Britain to announce big spending cut plans
Militants attack key NATO base in Afghanistan
US-TECH Summary
Swiss want new rules to regulate firms like Google
Militants attackkey Afghan NATO base
Iran hands nuclear fuel swap letter to IAEA: report |
Clinton, Geithner arrive in Beijing for talks
As tensions rise, Israel launches air raid drill |
Tourists take walk on wild side with LA gang tour
South Korea to take ship case to U.N. |
Duchess of York devastated by newspaper sting |
Ethiopia's Meles expects economy to ensure victory |
Fighting in Somali capital kills 20, rights group |
UK coalition to start budget deficit cuts this week |
Taiwan opposition chair leads in party election
Hundreds of Taiwanese trapped amid torrential rain
Hunt for clues after India crash kills 158; 8 live
Train hits landslide, derails in China, killing 19
Nineteen killed in China train derailment
Thai PM extends curfew; no polls until unrest over
Facebook investor DST eyeing more digital stakes |
Report: NKorean arrested for alleged espionage
Australia says door open on mining 'super tax'
Billionaire Ambani brothers agree to compete
S.Korea econ policy bodies meet on N.Korea, Europe
Pakistan says Egypt's Sewedy eyeing wind investment
SKorea, China, Japan trade chiefs praise FTA study
Clinton calls for fair trade ahead of China talks
Two-tonne tiramisu brings record back to Switzerland
Lebanon set for star-packed summer festivals
Asia scoops first honours in Cannes sidebars
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01