British government announces extra budget after surprise election win

PUBLISHED ON MAY 16, 2015 10:57 AM

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Britain's finance minister George Osborne announced plans for a second 2015 government budget on Saturday to quickly implement his Conservative Party's campaign promises of spending cuts and savings following a surprise election win. -- PHOTO: REUTERS

LONDON (AFP) - Britain's finance minister announced plans for a second 2015 government budget on Saturday to quickly implement his Conservative Party's campaign promises of spending cuts and savings following a surprise election win.

"On the eighth of July I am going to take the unusual step of having a second budget of the year," Chancellor George Osborne wrote in The Sun newspaper.

"I don't want to wait to turn the promises we made in the election into a reality ."

Osborne was re-appointed finance minister following an election last week in which David Cameron won a surprise majority and a second term as prime minister.