UK Braces for Attack on Welfare State

Posted by Forexsq 595 days ago (http://www.cnbc.com)
img The U.K.'s welfare state has a long and distinguished history, with elements of its healthcare recently being compared with President Barack Obama's Medicare reforms.

The National Health Service, a central tenet of the welfare state since its inception, was feted in the opening ceremony for this year's Olympics as the world watched the U.K. Yet it was one of the first targets for budget cuts from the government.

The Chancellor is widely expected to slash the welfare bill further in measures announced on Wednesday, in what some are seeing as an attack on the U.K. welfare state.

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