Focus

Is more austerity the right way forward for the UK economy?

The British government faces its toughest financial dilemma to date as it presents its Budget for the next year. PM David Cameron and Finance Minister George Osborne are under pressure to stop cutting public service budgets and start investing to boost an economy that's close to a triple-dip recession. But they insist that further spending cuts are necessary to lower the nation's debt repayments.