UK austerity budget

The British government has detailed a package of deep spending cuts aimed at cutting the country's deficit. Britain's finance minister, Chancellor of the Exchequer George Osborne told members of parliament in London, the savings were essential to drag Britain back from the economic brink. But the plans will be painful for many. Nearly half a million public sector jobs will be cut, as will welfare payments. Laura Lynch reports on Britain's new age of austerity.

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