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UK Chancellor Osborne Abandons 2020 Budget Surplus Plans Amid Brexit Shocks

News / Independent News : RIA Novosti

The Conservative government is abandoning the target of reaching a budget surplus by 2020 in the aftermath of last week's Brexit vote, UK Chancellor of the Exchequer George Osborne announced on Friday, speaking to business leaders i...

Britain's slowing economy and a potential Brexit just crushed Osborne's ability to balance the budget

Politics : Business Insider: Politix

Britain's Chancellor George Osborne is stuck between a rock and a hard place — he made some pretty ambitious pledges to balance the country's budget but a potential Brexit following the European referendum on June 23, as well as a s...

Britain's age of austerity could be over

Business & Finance : Business Insider: Clusterstock

Philip Hammond, who replaced George Osborne as UK Chancellor on Wednesday, has pledged to "do whatever we need to do" to shore up the UK economy in the wake of the Brexit vote and signalled an end to the policy of austerity that def...

UK will ‘do what’s necessary’

Business & Finance : Business Report

Britain's new finance minister, Philip Hammond, will do whatever is necessary to steady the economy after the Brexit vote. ||| London - Britain's new finance minister, Philip Hammond, said on Thursday that he would do whatever is ne...

New UK finance minister known for ‘safe hands’

Business & Finance : Business Report

Chancellor of the Exchequer Philip Hammond needs to steer Britain's economy through the aftermath of the Brexit vote. ||| London - Philip Hammond took over as Britain's new finance minister on Wednesday, putting him in charge of the...


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