Tag: Raises
Britain cuts spending, raises retirement age
LONDON: Britain said on Wednesday it would cut half a million public sector jobs, raise the retirement age and slash the welfare state as part of the biggest spending cuts in a generation.
After months of bitter negotiations, Conservative finance minister George Osborne confirmed he would press ahead with almost all the spending cuts he had outlined in a June budget.
Capital spending, however, he said would be 2 billion pounds higher per year than originally planned
After months of bitter negotiations, Conservative finance minister George Osborne confirmed he would press ahead with almost all the spending cuts he had outlined in a June budget.
Capital spending, however, he said would be 2 billion pounds higher per year than originally planned
