Budget Cuts in Britain Cameron's Risky Shock Therapy

The British government announced the details of its spending cuts on Wednesday. Some half a million public sector jobs are to disappear, almost all ministries will see drastic budget reductions and even the Queen will have to become more parsimonious. Whether the measures will work remains to be seen.
All eyes were on Britain's Chancellor of the Exchequer George Osborne on Wednesday as he announced the details of the government's far-reaching package of spending cuts.

All eyes were on Britain's Chancellor of the Exchequer George Osborne on Wednesday as he announced the details of the government's far-reaching package of spending cuts.

Foto: DAVID MOIR/ REUTERS