City of London Corporation's Bankers & Merchants Dinner, with Chancellor of the Exchequer George Osborne [Getty Images]

George Osborne, U.K. chancellor of the exchequer, speaks at Mansion House in London, U.K., on Wednesday, June 16, 2010. Osborne is set to outline the deepest spending cuts in a generation in an emergency budget next week, which may hamper the recovery after two quarters of growth. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

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