UK chancellor George Osborne is presenting the 2013 Budget to parliament at 12:30 GMT (8:30 a.m. ET). UK watchers widely agree that this budget could help restore or further erode the government's credibility. Osborne is expected to stick to his plan for austerity (despite the backlash). He has already asked most departments to cut their budgets by an additional 1 percent in 2013 and 2014, thereby freeing up £2.5 billion for capital spending. In December, he announced cuts of 1 percent in 2013-2014, and 2 percent in 2014-2015, to the budgets of various departments. Here's a quick ... Read More