Osborne Sugars United Kingdom Austerity Pill - Presented by: The Aol. On Network

In a speech to parliament interrupted by periodic jibes from opposition Labour party lawmakers, Osborne spelled out 11.5 billion pounds ($17.8 billion) in cuts for the 2015/16 fiscal year. Local government budgets were among those hardest hit, while 3 billion pounds was earmarked for spending on affordable housing projects. Spending on international aid, health and education was protected.



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