U.K. Chancellor of the Exchequer, George Osborne, currently delivering his 2011 budget to the...

|By:, SA News Editor

U.K. Chancellor of the Exchequer, George Osborne, currently delivering his 2011 budget to the House of Commons, will not propose any new spending cuts or tax increases beyond those already implemented. He forecasts inflation, currently at 4-5%, to drop to 2% in 2 years time.