Chancellor George Osborne and his colleagues in the Treasury in the new Conservative-Liberal Democrat government in the UK today presented a long laundry list of expenditure cuts totalling £6.25 billion for 2010-11, including a possible £2 billion cuts in “IT, suppliers and property”.

<p><table width='100%' border=0 cellspacing=0><tr><td style='FONT-FAMILY: Arial; FONT-SIZE: 18px; FONT-WEIGHT: bold; COLOR: #0253B7;'>TCS may be hit by UK's  

TCS may be hit by UK's 6.25-bn cost-cut

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