Britain Will Have to Raise Taxes, Cut Spending after Vote to Leave EU

World » EU | June 28, 2016, Tuesday // 22:27
Bulgaria: Britain Will Have to Raise Taxes, Cut Spending after Vote to Leave EU George Osborne. File photo

Britain would have to cut spending and increase taxes to deal with the economic consequences of the voters' decision to leave the European Union, according to the country’s Finance Minister George Osborne.

"We are absolutely going to have to provide fiscal security to people, we are going to have to show the country and the world that the government can live within its means," Osborne told BBC Radio 4's Today programme.

 

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Tags: Britain, Osborne, EU

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