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  • October 2, 2014
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  1. News - World - UNITED KINGDOM

    British finance minister outlines tough new welfare cuts

    Posted Oct 08th 2012, 09:50pm by Agence France-Presse in Birmingham

    ... “The great bulk of savings must come from cutting government spending, not raising taxes,” Osborne said to applause from delegates at the party conference in the central English city ... are in addition to the £18 billion in welfare cuts that are already planned by 2015 by Conservative Prime Minister David Cameron’s coalition, which came to power in 2010. Osborne’s announcement ...

  2. News - World - UNITED STATES

    Obama blames Republicans for ‘dumb’ budget cuts

    Posted Mar 01st 2013, 11:40pm by AFP

    ... Agence France-Presse in Washington US stares down start of steep ‘automatic’ budget cuts President Barack Obama on Friday branded the automatic budget cuts about to slam into the US ... for the elderly and pension schemes. Many budget experts believe that only cuts to those programs will be able to restore the prospect of long-term fiscal stability. The White House warns ...

  3. News - Hong Kong - SOCIETY

    UNHCR axes all aid for HK refugees in budget cuts

    Posted Feb 27th 2013, 12:00am by John Carney

    ... John Carney john.carney@scmp.com UNHCR axes all aid for HK refugees in budget cuts In a shock move, the Office of the United Nations High Commissioner for Refugees in Hong Kong (UNHCR) has ... and the lingering 2008 global financial crisis, have led to budget cuts. All their offices worldwide have been asked to take similar measures. "We regret to inform you that we do not have enough money ...

  4. News - World - UNITED STATES

    Obama orders ‘deeply destructive’ spending cuts

    Posted Mar 02nd 2013, 04:12pm by Reuters in Washington

    ... as “sequestration.” Government agencies will now begin to hack a total of US$85 billion from their budgets between Saturday and October 1. Half of the cuts will fall on the Pentagon. Defence Secretary Chuck ... Both Democrats and Republicans set the automatic cuts in motion during feverish deficit-reduction efforts in August 2011. Friday’s events marked the first budget showdown in Washington of many ...

  5. Business - Economy - ECONOMY

    Budget cuts deal blow to growth in US, IMF says

    Posted Apr 13th 2013, 12:00am by Bloomberg

    ... Bloomberg in Rio de Janeiro Other advanced economies will also struggle as emerging Asia, Africa pick up momentum Budget cuts deal blow to growth in US, IMF says The International Monetary Fund has lowered its growth forecast for the United States as automatic budget cuts take hold, according to a draft of the Washington-based lender's World Economic Outlook. US gross ...

  6. Business - Economy - EU ECONOMY

    EU leaders warn budget deal far off

    Posted Nov 23rd 2012, 10:58am by Agence France-Presse in Brussels

    ... Hollande. But the threat by British Prime Minister David Cameron to wield his veto unless the EU meets his demands for substantial cuts in the proposed budget, weighed heavily on the proceedings, ... they put into the common pot. Britain is the most vocal of the group of austerity-driven contributor nations seeking EU budget cuts to match belt-tightening programmes at home. “No, I’m not happy ...

  7. Lifestyle - Interiors & Living - DESIGN

    How to renovate your home without blowing the budget

    Posted Sep 17th 2014, 05:41am by Peta Tomlinson

    ... Peta Tomlinson peta.tomlinson@scmp.com From through construction techniques to economising on fixtures and making simple changes, there are myriad ways to cut costs Renovating without blowing the budget "Here lies Walter Fielding: he bought a house, and it killed him." Hahaha. One of Tom Hanks' character's great lines from the 1986 home renovation spoof, ...

  8. News - World - UNITED STATES

    Rising US income inequality hits state tax revenue and threatens budgets

    Posted Sep 15th 2014, 10:17pm by AP

    ... has slowed, states have faced tensions over whether to raise taxes or cut spending to balance their budgets as required by law. "Rising income inequality is not just a social issue," ... they're at risk without a strong flow of tax revenue. The prospect of having to raise taxes to balance a state budget is a politically delicate one. The allure of low taxes has been used by states ...

  9. News - Hong Kong - POLITICS

    Legco chief plans moves to cut short budget filibuster effort

    Posted May 21st 2014, 04:50am by Tony Cheung, JEFFIE LAM

    ... Tony Cheung and Jeffie Lam Jasper Tsang hints at limiting length of budget debate in an attempt to end delaying tactic by radicals that threatens government funding Legco chief plans filibuster moves Legislative Council president Jasper Tsang Yok-sing is set to announce fresh moves today to curb a marathon filibuster on the government budget that threatens to cut off ...

  10. Comment - Insight & Opinion

    Long Hair is endangering K9 unit!

    Posted May 11th 2013, 12:00am by Alex Lo

    ... the alarm in the Legislative Council on Thursday night. So it must be true. The four so-called radicals are upset there was no provision for universal pension in the latest government budget. To retaliate, Leung has proposed budget cuts to every government department, including customs and excise, which according to Chan, has 47 overworked sniffer dogs. But Chan warned: "Leung's ...




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