LONDON: Britain's finance minister announced major cuts to the country's future welfare spending on Monday, spelling out the next phase of a push to fix public finances and straining ties within the coalition government.
With an election due in 16 months and the government facing calls to put more money in people's pockets after years of austerity, George Osborne rammed home his message that the only way to return the economy to health was to fix its finances.
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