Politics

Chancellor Osborne says he has found 12 billion of welfare cuts

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LONDON - Chancellor George Osborne on Sunday said he had found all 12 billion pounds of welfare cuts he needs as part of his plan to balance the current budget by 2017/18, speaking ahead of his budget announcement on Wednesday.

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Unite backs left-wing lawmaker to lead Labour Party 05 Jul 2015

LONDON - The British Labour Party's biggest financial backer, trade union Unite, on Sunday backed left-wing lawmaker Jeremy Corbyn to be the party's new leader.

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Osborne says he has found 12 billion pounds of welfare cuts 05 Jul 2015

LONDON - Chancellor George Osborne on Sunday said he had found all 12 billion pounds of welfare cuts he needs as part of his plan to balance the current budget by 2017/18, speaking ahead of his budget announcement on Wednesday.

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Chancellor Osborne to hit BBC to fund welfare cuts - Sunday Times 05 Jul 2015

LONDON - Chancellor George Osborne plans to launch a 650 million pound raid on the BBC to help cover the country's benefits bill, forcing the corporation to meet the cost of free television licences for the over-75s, the Sunday Times said.

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Cameron sets out plans to cut inheritance tax on homes 04 Jul 2015

LONDON - Prime Minister David Cameron outlined plans on Saturday to accelerate house-building over the next five years and raise the inheritance tax threshold on family homes to the psychologically important one million pound mark.

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Conservatives see best chance in 18 years to cut welfare bill 03 Jul 2015

LONDON - Prime Minister David Cameron's Conservatives have their best chance in almost two decades to remould Britain's economy next week, in their first budget statement after an unexpectedly decisive election victory.

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Conservatives see best chance in 18 years to cut welfare bill 03 Jul 2015

LONDON - Prime Minister David Cameron's Conservatives have their best chance in almost two decades to remould Britain's economy next week, in their first budget statement after an unexpectedly decisive election victory.

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Britain to decide on new Heathrow runway by end of year 02 Jul 2015

LONDON - Britain will make a final decision on a 23 billion pound ($36 billion) plan for a third runway at Heathrow Airport by the end of the year, Prime Minister David Cameron said on Wednesday, setting the stage for a political battle over the issue. | Video

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Britain to decide on new Heathrow runway by end of year 01 Jul 2015

LONDON - Britain will make a final decision on a 23 billion pound ($36 billion) plan for a third runway at Heathrow Airport by the end of the year, Prime Minister David Cameron said on Wednesday, setting the stage for a political battle over the issue. | Video

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London Mayor Johnson comes out fighting against Heathrow proposal 01 Jul 2015

LONDON - London Mayor Boris Johnson dismissed a proposal on Wednesday to expand Heathrow Airport as undeliverable and piled pressure on Prime Minister David Cameron to reject the plan, setting the scene for a protracted political dispute.