Britain announced deep and wide-ranging budget cuts today that aim to eliminate its $245 billion deficit over the next five years.
UK budget 2010: Britain today unveiled budget cuts to raise £40 billion in state revenues through tax increases, welfare cuts, and salary freezes. But history suggests that raising taxes during a recession can cause a double-dip.
The public is paying for everything from cleaning moats to changing light bulbs. Amid the fury, support for Gordon Brown's party is at its lowest in 65 years.