# Chancellor George Osborne is to unveil the Spending Review in the House of Commons at 1230 BST # It is expected to detail £83bn worth of spending cuts, the biggest for many decades
took gains at 72.5 looking for bounce and got too undisciplined and reshorted sans any signals at 91- afraid to miss out whilst telling myself we're gonna see new daily highs and maybe even go back and test 6525 or 50. lack of discipline- my downfall as a trader. still think there is room for a woosh to the downside, but hate giving away 20+ points on pure stupidity/LoD. DROP!
Well, I do not know what do you mean by that but I got already one lesson today. Maybe I'll get another one later on.
Chancellor George Osborne has announced the government's four-year Spending Review to Parliament, revealing some of the deepest cuts in public spending in decades. The key announcements: * About 490,000 public sector jobs likely to be lost * Average 19% four-year cut in departmental budgets * Structural deficit to be eliminated by 2015 * £7bn in additional welfare budget cuts * Police funding cut by 4% a year * Retirement age to rise from 65 to 66 by 2020 * NHS budget protected; £2bn extra for social care * Schools budget to rise every year until 2015 * £30bn capital spending on transport * Permanent bank levy Here, department by department, are more details.