Britain's Chancellor of the Exchequer George Osborne holds up his traditional red dispatch box as he poses for the media outside his official residence at No 11 Downing Street in London, prior to his annual budget speech to the House of Commons, Wednesday, March 21, 2012. Britain's finance minister was expected to announce tax breaks for both the top and the bottom of the nation's income scale Wednesday in his annual budget, but his room for maneuver was limited by the government's drive to slash borrowing and protect its AAA credit rating. (AP Photo/Matt Dunham)
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