British finance minister slashes spending, raises VAT and taxes banks
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British finance minister slashes spending, raises VAT and taxes banks

London : United Kingdom | Feb 29, 2012 at 5:37 AM PST
Source: The Daily Star
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British finance minister George Osborne produced the harshest budget in a generation on Tuesday, slashing spending, raising taxes and slapping a levy on banks in a drive to cut a record budget deficit to almost nothing in five years. The 39-year-old Conservative Chancellor of the Exchequer said government... FULL ARTICLE AT The Daily Star
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The government slashed VAT to 15% a year ago to help boost consumer spending
The government slashed VAT to 15% a year ago to help boost consumer spending
 
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