George Osborne: 'Britain faces more cuts to public spending'

Chancellor George Osborne warned of further cuts to public spending Credit: Reuters

George Osborne has warned Britain to expect more cuts as he announces a "bold" budget on Wednesday.

Writing in the Sun on Sunday, the Chancellor said he was determined to stick to his long-term economic plan - cutting back further on public spending.

Citing global economic uncertainty, Mr Osborne announced the Government would be redoubling its efforts to boost the UK's financial recovery.

With the world economy slowing, further cuts will be made in the UK "so the country lives within its means", he announced.

His pre-Budget plea comes just days after shadow chancellor John McDonnell argued austerity made little sense in economic terms.

  • "Worst time" to leave the EU

Britain is Credit: PA

The Chancellor told Sun readers that in the light of global economic uncertainty - including a slowdown in China's financial growth and a fall in oil prices - now would be the "worst time" for Britain to leave the EU.

"Everyone from the Governor of the Bank of England to some campaigning for exit admit that leaving would cause a real economic shock", he said.

Mr Osborne said cuts the Conservatives introduced since 2010 mean Britain is "much better prepared for whatever the world may throw at us".

By following his long-term economic plan, Britain can now "keep out in front".

He also insisted that more must be done to improve schools, roads and railways and to help business, especially small firms.