June 22 – Swingeing spending cuts, tax rises and a new bank levy mark the UK’s emergency budget by its new coalition government. Penny Tweedie reports
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Business welcomes UK budget
true/false/no evidence
- This budget is about spending less.
- The budget has been modelled on those during World War 11.
- Some people expected it to be a gloomy budget.
- Benefits will be exempt from cuts.
- Taxes will rise a lot.
- The chancellor warned people that he would need to deal with the massive budget deficit.
- He is only announcing some of the negative elements of the budget.
- The whole deficit will be reduced by spending cuts and tax rises.
- Pay will be cut by 25% in the public sector.
- The banks are not happy with a £2 billion tax levy.
- Only a few will feel the pain.
- This budget will be good for Britain’s international position.
- The demonstrators believe that the banks caused the problem.
- The new budget will definitely get Britain out of recession.
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