The Institute for Fiscal Studies says British Chancellor of the Exchequer George Osborne may have to extend his austerity policies until 2018 after British economic prospects deteriorated.<br /><br />The IFS says Osborne faces slashing a further 13.5 billion euros from the welfare budget on top of the 9.8 billion already under discussion.<br /><br />...<br />http://www.euronews.net/
