Ten Things You Need to Know Today: Saturday 27 Feb 2016

1. George Osborne warns of fresh spending cuts

George Osborne is threatening further austerity cuts, reports the BBC. The chancellor warned that “storm clouds” over the global economy were holding Britain back and “our own economy is not as big as we had hoped”. He added: “We may need to undertake further reductions in spending because this country can only afford what it can afford and we will address that in the Budget.”

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