Britain faces more austerity pain as outlook darkens
LONDON: Finance Minister George Osborne on Wednesday warned Britons that they faced an extra year of austerity measures and insisted that reversing his belt-tightening measures now would be a “disaster”.
Chancellor of the Exchequer Osborne said Britain would face spending cuts and tax hikes until 2018 — after the coalition government led by Prime Minister David Cameron had already previously extended the programme by two years to 2017.
The bleak announcement in a budget update, coming alongside grim news that the Government is slashing its outlook for economic growth, is likely to heap further pressure on the administration mid-way through a five-year term in power.
Addressing Parliament on Wednesday, Osborne also acknowledged that the Government would fail to meet its official target for reducing public debt as a proportion of economic output by 2015-16.
“It is taking time but the British economy is healing after the biggest financial crash in our lifetime,” Osborne insisted in his Autumn Statement.
BJP leader Subramanian Swamy criticised the Aam Aadmi Party for taking support from the Congress. Swamy said that the AAP has committed suicide by opting for an alliance with the Congress.
Date 23-02-14, Duration 1:43, Views 41319
Date 23-02-14 1:43
Tooltip Information:AAP's alliance with Cong. a suicide: BJPVideo by:Description: BJP leader Subramanian Swamy criticised the Aam Aadmi Party for taking support from the Congress. Swamy said that the AAP has committed suicide by opting for an alliance with the Congress.Rating: 3.22Views: 41319
Date 26-04-14 4:34
Tooltip Information:Ramdev says Rahul goes to Dalit houses for picnics, Cong. reactsVideo by:Description: Yoga guru Baba Ramdev made a shocking statement on Friday that Congress vice President Rahul Gandhi goes to Dalit houses for picnics and honeymoon. Ramdev who is supporting the BJP in the Elections 2014 made the objectionable comments during a press conference in Lucknow. He attacked Rahul Gandhi's 'single' status saying that Rahul wanted to marry a foreigner but was stopped by his mother Congress Chief Sonia Gandhi. He further went on to say that Sonia Gandhi asked Rahul not to get married until he becomes the prime minister. Meanwhile, the Congress party has condemned the statement.Rating: 4.52Views: 8276
Date 11-04-14 3:09
Tooltip Information:CNN-IBN and Microsoft Analytics Center for LS 2014 ElectionVideo by:Description: Largest technology brand Microsoft has joined hands with India’s biggest media Channel CNN-IBN to set up an elections analytics center to help decode the Indian electionsRating: 4Views: 2667
Date 10-04-14 0:55
Tooltip Information:Microsoft and CNN-IBN Join Hands to Analysis the LS 2014 Polls TrendsVideo by:Description: World's largest technology brand Microsoft has joined hands with India’s biggest media Channel CNN-IBN to analyse the Lok Sabha elections 2014 trends.Rating: 4Views: 2252
Date 3 hrs ago 3:16
Tooltip Information:B-town puts their best fashion foot forward at Vogue Beauty Awards 2014Video by:Description: One of the most stylish social do's on the Bollywood calendar, the 2104 Vogue Beauty Awards saw tinsel town's A-list beauties bring their cutting edge fashion game on the red carpet. Held at Taj Land's End in Mumbai, the event saw the presence of stars like Shilpa Shetty, Aditi Rao Hydari, Parineeti Chopra, Neha Dhupia, in their most stylish avatars. Also spotted at the red carpet were divas like Ileana D'cruz, Twinkle Khanna. Kajol, Kangnna Ranaut and Huma Qureshi who made their presence felt by their stylish look.Rating: 4Views: 11
Date 3 hrs ago 4:06
Tooltip Information:House adjourned after ruckus over Maharashtra Sadan incidentVideo by:Description: The lower house of the Parliament was adjourned after a ruckus was created over the incident that took place in Maharashtra Sadan where a Muslim was force-fed by Shiv Sena MPs reportedly. Congress leader Shashi Tharoor said that the incident was unfortunate and added that a BJP member in the Parliament came into the well and created a ruckus due to which the house had to be adjourned. Meanwhile, Parliamentary Affairs Minister Venkaiah Naidu said that no body knows what happened in Maharashtra Sadan and Shiv Sena has already clarified that no such incident has taken place. Further, the Shiv Sena MP who reportedly force-fed man fasting for Ramazan has clarified that he was only protesting against the food quality at the state guest house.Rating: 4Views: 12