Britain awaits tough new budget | Bangkok Post: news

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Britain awaits tough new budget

Britain's government was Wednesday set to unveil plans to grow the country's recession-threatened economy, despite insisting on greater state savings as it struggles to meet its deficit-reduction target.

British Prime Minister David Cameron (L) and Deputy Prime Minister Nick Clegg sit together as they visit a nursery in London on March 19, 2013. Britain's government was Wednesday set to unveil plans to grow the country's recession-threatened economy, despite insisting on greater state savings as it struggles to meet its deficit-reduction target.

Finance minister George Osborne unveils his latest tax and spending plans in an annual budget likely to stick firmly to the coalition government's austerity drive, even though the country's economy is sailing close to another recession.

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