Budget Deficit

Osborne to give details of £6bn spending cuts next week

In a recent news article in the BBC , new chancellor, George Osbourne released a statment foreshadowing future cuts to spedning and that if the deficit isn't dealt with then it would be "disasterous". Although the shadow government, specifically former finace miniser Alistair Darling said that doing this too soon could create another recession. Mr Osbourne said a new Fffice for Budget Responsibility would manage push economic and fiscal responsibility. this effects the public policy in Briton but also shows that the checks and balances of this recently challenged democracy are still in tact.

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