David Laws, U.K. chief treasury secretary, right, speaks as George Osborne, U.K. chancellor of the exchequer, looks on during a press conference at H.M.Treasury on May 24, 2010 in London, England. British Prime Minister David Cameron's two-week old coalition is taking its first steps to curb a record peacetime budget deficit today by announcing 6 billion pounds ($8.7 billion) of spending cuts.
{"Image ImageDescription": "LONDON - MAY 24:  David Laws, U.K. chief treasury secretary, right, speaks as George Osborne, U.K. chancellor of the exchequer, looks on during a press conference at H.M.Treasury on May 24, 2010 in London, England. British Prime Minister David Cameron's two-week old coalition is taking its first steps to curb a record peacetime budget deficit today by announcing 6 billion pounds ($8.7 billion) of spending cuts.  (Photo by Rupert Hartley - Pool/Getty Images)", "Image Copyright": "2010 Getty Images"}