UK’s Osborne to detail 6.2 bln stg in spending cuts

LONDON, May 24 (BestGrowthStock) – British finance minister George
Osborne said on Monday he would announce spending cuts worth 6.2
billion pounds ($8.9 billion) this year and most of the savings
would go towards cutting the budget deficit.
“We’ve identified wasteful government spending this year
that we are proposing to cut. That amounts to 6.2 billion
(pounds) … and almost all of that will be used to reduce the
deficit,” Osborne told BBC Radio 4.

Investment Advice
(Reporting by Estelle Shirbon, editing by Keith Weir)

UK’s Osborne to detail 6.2 bln stg in spending cuts