Tue 22 Jun 10 | 06:10 PM ET

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UK Unveils Tough New Budget

Tue 22 Jun 10 | 06:10 PM ET

As the UK unveils a harsh emergency budget to rein in deficit, Paul Donovan, MD & deputy head of global economics at UBS tells CNBC's Karen Tso, Martin Soong and Sri Jegarajah that the deep spending cuts and tax increases will be successful in reducing the country's debt.

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Analyst | Asia | Economy (U.S.) | Europe (West) | Politics and Government

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UK Unveils Tough New Budget

UK Unveils Tough New Budget

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