UK Budget to balance tax breaks with austerity

From reuters.com

Chancellor George Osborne unveils annual budget on Wednesday with politically driven tax measures likely to take pride of place against a backdrop of a limp economic recovery and an unexpected leap in public borrowing. Mindful of the risk that heavily indebted Britain could lose its prized top-notch credit rating, Osborne says he will not soften an austerity package aimed to reduce sky-high debts. Official data showing the budget deficit hit a record for the month of February, highlighted the lack of leeway Osborne has to ease his debt-cutting plan. The government's preferred measure of public ... (full story)