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Osborne says Britain could face fresh spending cuts

George Osborne says the British government may have to impose fresh public spending cutsBritain’s government may have to impose fresh public spending cuts in next month’s budget, George Osborne warned on the fringes of a G20 ministerial summit which ended Saturday. The Chancellor of the Exchequer had slowed the pace of austerity cuts in his last spending review in November but has now indicated fresh reductions are on the cards in the March 16 budget. “The storm clouds are clearly gathering in the world economy and that has a consequence for lots of countries including Britain,” Osborne said.

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