Osborne: Spending Cuts To Boost UK Productivity

George Osborne has told business leaders he will demand further spending cuts and unveil plans for the biggest ever sell-off of public assets as he bids to boost Britain's productivity. Mr Osborne is creating a new Government-owned company to sell off publicly-owned corporate and financial assets this year. The company will be responsible for the sale of shares in Lloyds Banking Group, UK Asset Resolution assets, Eurostar and the pre-2012 income contingent repayment student loan book.