Cuts pledge by Osborne; SPENDING.GEORGE Osborne yesterday said the Tories are looking at cuts on vital services. The shadow chancellor said he had been studying how Canada slashed spending on defence, transport and local government by up to 20%. And, while warning there could also be tax rises, he refused to rule out enforcing similar cuts if the Tories win the next election. He told BBC BBC in full British Broadcasting Corp. Publicly financed broadcasting system in Britain. A private company at its founding in 1922, it was replaced by a public corporation under royal charter in 1927. TV that public spending had to be reduced as "the cupboard is bare". Mr Osborne will today announce plans to scrap City watchdog the Financial Services Authority The Financial Services Authority ("FSA") is an independent non-departmental public body and quasi-judicial body that regulates the financial services industry in the United Kingdom. Its main office is based in Canary Wharf, London, with another office in Edinburgh. . |
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