Osborne Readies Ground for More Spending Cuts in U.K. Budget

  • U.K. chancellor says economy `not as big as we had hoped'
  • Britain has to live within its means, Osborne tells BBC

Chancellor of the Exchequer George Osborne.

Photographer: Luke MacGregor/Bloomberg

Chancellor of the Exchequer George Osborne warned he may make further cuts in public spending in his annual budget on March 16 after data showed Britain’s economic recovery is not as advanced as he hoped.

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