Unbowed by criticism, Osborne will announce new government cuts

By William James LONDON (Reuters) - Chancellor of the Exchequer George Osborne will spell out on Monday the first set of spending cuts to be imposed on government departments as part of an overall 37 billion-pound ($56 billion) austerity plan to turn Britain's deficit into a surplus by 2020. Osborne, seen as the frontrunner to succeed Prime Minister David Cameron, is seeking to shore up his credentials as a safe pair of hands on the economy after an embarrassing parliamentary defeat over welfare