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UK Economy - Page 2

UK inflation falls to 3.4% in May

UK inflation falls to 3.4% in May from 3.7% in April, but remains well ahead of the Bank of England's 2% target. Ref. Source 2

Economy UK

VAT is to rise to 20%

VAT is to rise to 20% from January 2011 and child benefit will be frozen for three years, Chancellor George Osborne says in his Budget. Ref. BBC

UK Economy History & Civil Business Politics

Government Cut Backs

Most government departments are being asked to produce "illustrative plans" for cutting their spending by 25% and 40%, it has emerged. Ref. BBC

Page 2 Economy UK

Spending Cuts

George Osborne pledges a four year plan of public spending cuts - with the aim of dragging Britain 'back from the brink'. Ref. BBC

Economy UK

Tax Cut Deal

Obama-GOP tax-cut deal gains 60 votes in the Senate, moves toward final vote. Ref. USAToday

UK Economy

After all that bickering back and forth the end result was a given:

UK Economy - Page 2

Poll: To Reduce Deficit, Most Americans say Tax the Rich More
By Stephanie Condon

As many as 61 percent said they would prefer increasing taxes on the rich over three other options: cutting defense spending, cutting Medicare or cutting Social Security. Another 20 percent chose cutting defense spending as the best option. Ref. Source 9

UK Economy Politics Business Civil & History - Page 2

British economy suffers shock slump (AFP)
European Business News

AFP - Britain's economy shrank by a surprise 0.5 percent in the fourth quarter of 2010, dashing expectations for modest growth, as the nation's fragile recovery was hit by harsh wintry weather. Source: Yahoo! News: Business - European Economy