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House of Commons Receives Update on British Budget

London, England
Wednesday, December 5, 2012

The British House of Commons heard from Prime Minister David Cameron in his weekly Question Time.

Then, Chancellor of the Exchequer George Osborne updated members on the economy and the state of the nation’s finances, otherwise known as the Autumn Statement.

He announced cuts to several departments that will fund investments in education, transportation and science over the next three years. Back in March, Chancellor Osborne unveiled the 2012 budget before members and outlined a plan that included a review of the state pension age and giving loans to young people who wanted to start small businesses.

Following the Chancellor’s remarks, we heard reaction from the Opposition Spokesman for Treasury and then questions from members in the House of Commons.

Updated: Wednesday, December 5, 2012 at 9:27am (ET)

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