UK budget plan could change state beyond recognition - think tank

By William Schomberg LONDON (Reuters) - Britain's public sector could "change beyond all recognition" by the end of the decade as a result of deep spending cuts planned by Chancellor George Osborne for after May's election, a leading economic think tank said on Thursday. Analysing the scale of a spending squeeze outlined by Osborne on Wednesday, the Institute for Fiscal Studies said cuts to public services could be deeper than the spending reductions carried out so far in his