FTSE watch: Stocks slide as Osborne unveils £6.2bn cuts

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Updated 10.52am: The FTSE is falling in mid-morning trade after Chancellor George Osborne unveiled details of the coalition government's £6.2bn spending cuts.

London's leading index is down more than 14 points, or 0.3%, to 5047 after earlier adding 0.76% to climb above 5100. Osborne today spelled out plans to make £6.2bn cuts saying it is necessary to...

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