Britain is bracing itself for a round of severe cuts when George Osborne, the country's finance minister, reveals an emergency budget on Tuesday.<br /><br />The coalition government is warning that the level of public debt is now so high that deep austerity measures are needed to avoid a loss of confidence in the country's finances.<br /><br />Hamish Macdonald reports from London.<br /><br />[June 21, 2010]
