That's the rate George Osborne intends to reach by 2014-15, by cutting from the current 26% rate.
Swap dealers decreased their net-short position by cutting from both sides, but slicing more gross shorts than gross longs.
The file shows the result of these endeavours, a cutting from the London Times some weeks later, on 6 November, 1920.
Usually, this is done by cutting from the periphery, so things like athletics and arts lose funding or user fees are charged for some "nonessential" services.
We'll hear too far, too risky, too driven by cost cutting from those afraid of the implications of those decisions for their parents, their children, themselves.
The Holy Thorn tree on Wearyall Hill, which had its branches cut off by vandals in 2010, is said to have been grown from a cutting from the original tree.
He made no mention of Mitt Romney, his all-but-certain opponent in November, but took aim at House Republicans who passed a measure last week that would pay for extending the lower student loan rate by cutting from a health care fund that promotes preventive care.
CNN: Obama urges students to pressure Congress on loan rates
Novikovas replaced Templeton and added his name to the score-sheet 12 minutes from the end after cutting in from the left and finding the top corner with a delightful shot.
Mr Obama, meanwhile, said he had been moved to push for the law by stories of voters' healthcare woes and that his plan had kept insurance companies from cutting off coverage from sick people.
The French forward let fly from fully 35 yards after cutting in from the left flank and Wiese made a terrible blunder, simply pushing the ball up in the air and into his own net to give the home fans an unexpected treat.
Having handed a first start to Bolivian striker Marcelo Moreno, a deadline day loan signing from Shakhtar Donetsk, Wigan had a focal point for their attack, with Rodallega cutting in from the left and N'Zogbia from the right.
He used to attend a hundred prangs a year, sometimes cutting people from the wreckage.
For instance, Nitrodesk can now prevent users from cutting-and-pasting text from a corporate e-mail into another app.
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Cursed with slender profit margins and price-cutting competition from Wal-Mart, supermarkets have been anything but super for years.
One side held fast to no revenue increases, the other to stonewalling against cutting spending from social programs.
Victor Moses fired the Latics ahead after cutting in from the left flank.
So Wigmore has realigned his personal portfolio, cutting back from a 120% exposure to stocks in 1996 down to 75% now.
With state budgets as tight as they are, and state governors cutting teachers from classrooms, I have an idea that helps.
That would mean Mr Zapatero's government managed barely one-third of the task of cutting it from the 2010 figure of 9.3%.
By contrast, she wrote, a recent cost-cutting plan from Pfizer is expected to save twice that much as a percentage of costs.
Habana though was in shortly before half-time, cutting in from the left wing on a mazy run to outwit the Samoan defence.
Then, 10 minutes after the restart, the midfielder needlessly felled Tyrone Mears, who was cutting in from the right, fractionally outside the area.
In addition, there are more cost savings available from cutting warranty and recall costs than from maintaining a large degree of commonality among various models.
While players, their representatives, and many county chairmen are firmly supportive of cutting back from 16 group games to 10, some counties are totally opposed.
He said he would not make "promises that can not be kept" on cutting immigration from within the EU, which is beyond the control of British governments.
Viduka nearly doubled the lead soon after, skipping past two defenders and cutting in from the right only to drag his shot wide of Boaz Myhill's right-hand post.
If we could go one step further and reduce air pollution in affected communities by cutting emissions from cars, trucks and dirty industries, the impact would be even greater.
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There was plenty of endeavour but little cutting edge from either side at St Andrew's, although Wigan will be delighted with a point that lifts them out of the bottom three.
United were now carving out a succession of chances, with Ronaldo failing to take advantage of good work by Tevez and the Argentine shooting wide after cutting in from the left.
By contrast, she wrote, a recent cost-cutting plan from Pfizer (nyse: PFE - news - people ) is expected to save twice that much as a percentage of costs.
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