george osbourne is considering a tax cut for the country's richest people. the u.k.'s top tax rate pay about 50% of their tax rate on their incomes. that could be cut to 45% when george osbourne delivers the national budget on wednesday. they're committed to deep service cuts and civil service lieoffs. these measures are on the side of the u.s. debt crisis, and as you can imagine, for growth across the country. we look at the country's gdp, it shrank in the fourth quarter. when you have two successive quarters of falling out, that is technically the definition of a recession. but george osbourne is expected to argue that the tax rate has failed to improve the country's finances. and that a countdown on tax avoidance by the wealthy would boost revenue in the longer term. last week, the ratings agency, fitch, became the second ratings financial agency to learn that britain could be losing its aaa rating if the government shows any sign of easing back of this debt reduction program. >>> fareed zacaria recently sat down with the chancellor. and he pointed out that the sev

and there's a busy man in the second row, george osbourne who tomorrow will be delivering his third budget to the house of commons. he is here with his wife. and they are sharing a joke but tomorrow i suspect we won't be seeing any of those smiles when the chancellor answers the budget speech. in his own time there is the formal response. so very good morning. welcome to the river room, we're just a few yards away from the river. it is a few feet away from the house of lords. this is where we'll be following the morning's events. i have two expert guides with me. delighted to welcome the royal commentator and author robert hardiman whose book "our queen" has been a best seller and kate williams. delighted to have you with us. >> good morning. >> thank you both very much. well, it's a formal event but it's marking a very formal thing, a very special and rare event in fact a diamond jubilee. >> a diamond jubilee is quite extraordinary. as you said, we've only had one before in history. the tone and the pace of that one was very different than this one. this is history unfolding before us. th

so the chance of george osbourne trying to tread the fine line. plus we had the bank of minutes. the policy committee minutes. they decided to leave minutes changed. so we found ott at least two members or two members exactly voted for more quantitative easing and say just because we've got high unemployment that doesn't mean we will necessarily get the capital inflation. we fond out yesterday that inflation is remaining stubbornly high in the uk. not coming down as quickly as the bank of england has hoped. speaking of budget, we should point out that we also have some budget announcements coming today in germany as well. speaking of germany, this is where the ten-year german debt is trading right now. we're looking at almost 2.1% for the bund. and in the uk, the ten-year debt is at 2.4%, ahead of that all important budg which will come out a little bit later on this afternoon. in spain, we're looking at debt yielding 5.2%, which clearly is a great deal higher than levels in the uk or germany for instance. the treasury in the states as well. but spanish debt has climbed significa

george was little. he is a 2001 graduate of osbourne high school, a member of the future business leaders of america, he said in his yearbook he was moving to florida. >> i feel for the guy, but i feel more for the family that-a child. >> after shooting trayvon martin who only had skittles and iced tea with him. zimmerman was carrying a handgun. here's the call he made to dispatchers. >> he has his hands in his waistband. he's a black male. >> are you following him? >> yeah. >> okay, we don't need you to do that. >> they told zimmerman an officer was on the way, but minutes later, martin was dead. >> when i heard the tapes of him calling into the police department, i said that sounds like paranoia to me. he is a big boy. he could have taken that boy easily without a gun. >> george zimmerman came back to virginia and asked him to write a recommendation for him to become a police officer. >> it was like he was trying to prove something. that he can handle this himself. he didn't need help. >> zimmerman's attempt to become a police officer never materialized and george hall thinks that the shooting may be

george zimmerman is from northern virginia and moved to florida after graduating from osbourne high school in manassas ten years ago. news 4's jane watrel continues our team coverage live now from manassas. >> reporter: the zimmerman family were fixtures here in manassas. george zimmerman's mother gladys even performed bi-lingual weddings at the prince william county courthouse before the family moved to florida. it was front page news at manassas. the man at the center of the shooting death of an unarmed teenager was a 2001 graduate of osbourne high school. >> just an impressive family. they really were. >> reporter: george and kay hull lived across the street from the zimmerman family for over two decades. the retired minister says george zimmerman's mother who was fluent in spanish worked for prince william county government for 28 years before retiring. young george was active in the catholic church. after moving to florida after graduation george zimmerman returned to the home a few years ago with a request. >> he came over and he asked me, do you mind if i ask you to give me a recomm

george zimmerman. he moved to florida ten years ago after graduating from osbourn high school in virginia. he had wanted to be a police officer. >> he was a very positive guy in my eyes. i'm shocked. >> people here in d.c. will hold a rally on freedom plaza on saturday demanding zimmerman's arrest. >> all right. 4:31 now. first check of the forecast now. i guess it's clearer. >> most of the area it's doing better. down to the south of us around culpeper, pax river, we're not, even fredericksburg to the south. let's take a look at the visibility. half mile reporting in culpeper, zero at pax river. came bridge, visibility is down to a quarter mile. we are having some issues with the fog. it will be burning off a little faster than yesterday. by 8:00 or 9:00 it should be burning off. we're 5691 degrees. the wind out of the southeast at just 3 miles an hour. the temperatures, 59 in olney, 59 in falls church, 57 around quantico and 57 in huntingtown. today, the sunshine a little earlier. should be there around noontime. 69 to 70 degrees and topping out as a high of 77, danella. >> we'll take th

before moving to florida 28-year-old george zimmerman lived in prince william county. he grew up in manassas and graduated from osbourne high school in 2001. news 4's jane watrel spoke to the family's former neighbors today. >> when i heard george zimmerman it passed, you know, crossing my mind and i thought, well that's sanford. besides, it couldn't be george. he wouldn't do anything like that. >> zimmerman later returned to the area and jane watrel will have more in our second half hour. >>> there is surveillance video that might help catch a man who allegedly assaulted a teenage girl in fairfax county. police say the girl was attacked monday afternoon while taking a well traveled short cut home from school. erika gonzalez is in west springfield area now with more. >> reporter: vance, a fairfax county public schools bus driver tells me she heard a girl's screams coming from the wooded area behind me and says she has never heard anything like that. >> it was the loudest, pitching, horrifying scream. and it was -- it must have lasted five minutes. >> reporter: this bus driver who has chosen to remain anonymous says she

george zimmerman moved to florida ten years ago after graduating from osbourn high school in manassas, virginia, in 2001. his former neighbors say zimmerman came back to virginia a few years ago asking for a letter of recommendation to become a police officer. >> i would say very positive. he was a very positive guy in my eyes. i'm shocked. >> all of this comes -- the people here in d.c. will hold a rally in freedom plaza on saturday demanding zimmerman's arrest. >>> eight months after being found guilty dr osh not guilty, rather, of murdering her daughter kcasey anthony will be baptized. she plans on getting baptized before the end of the month. she's been hiding in florida since she was aquisted last july. she's serving a year of probation for an unrelated check fraud charge. >>> penn state university announced it's offering free counseling to anyone who may have been sexually abused by jerry sandusky. an outside company will speak to anonymous. he remains at home on house arrest. he's accused of abusing ten boys over a 15-year period and during and after his time as an assistant fo

george zimmerman's local connections. zimmerman moved to florida ten years ago after graduating from osbourn high school in manassas, virginia. his former neighbors say he came back a few years ago asking for a let ore f recommendation to become a police officer. >> i wrote one very positive because he was a positive guy in my eyes. i'm shocked. >> they'll hold a protest on saturday demanding zimmerman's arrest. >>> they're investigating a shadow campaign. "the washington post" reports it involved money and expenses that may not have been reported by the official gray campaign. this is part of a year-long federal investigation into claims and job offers and illegal campaign fund-raising efforts. gray failed to comment on the investigation. >>> safeway stores will soon recall the so-called pink slime. it's treated with ammonia to kill germs. critics have raised question how much bacteria, though, ends up in the meat. safeway is one of three major grocery chains fashion out the beef with the so so-called pink slime. they're allowing schools to opt out of serving pink slime in cafeterias youshocking news. overnight a pregnant w

diminish the influence of a zombie thatcher zombie george or worse was born is also getting into the game of stealing from the poor to give to the rich osbourne just released a new budget in austerity ridden britain that would cut the top top tax rate for britain's three hundred thousand wealthiest citizens by cutting the pension plans of more than four point four million senior citizens essentially cutting their version of social security the oz born budget also helps pay for a massive british tax cut for the rich with a ten billion pound cut to welfare programs it's an addition to the painful cuts that have already been inflicted on social programs in the u.k. that led to days of rioting all across london so for his full abrasive badger nomics was born gets three zombie bachelor stars we call it a tie since the middle class is equally screwed both sides of the pond. let's put it in dollar terms just how badly screw the middle classes consider this the amount of middle class wealth that's been feasted on by zombie reagan here in the united states and regurgitated that the wealthiest americans works out to about a trillion dollars a year ever

george zimmerman's local connection. zimmerman moved to florida ten years ago, after graduating from osbourne, high school in manassas, virginia, in 2001. his old neighbor say zimmerman came back to virginia a few year ago, asking for a letter of recommendation to become a police officer. >> i wrote a positive letter, because he was a positive guy in my eyes. i'm shocked. >> people in d.c. will hold a rally in freedom plaza on saturday, demanding for george zimmerman's arrest. >>> right now, prince george's county police need your help in finding a missing teenager. investigators say 15-year-old hollands davis was last seen on dutton way in capital heights, maryland, back on march 7th, the last time she was seen. she hasn't been seen or heard from since. anyone with information on davis should contact the prince george's county police department. >>> federal authorities are investigating what they're calling a shadow campaign for d.c. mayor, vincent gray's 2010 mayoral run. the "washington post" reports the investigation involves money and expenses that may not have been reported by the official gray campaign. this is part of

george was a toddler. they moved to florida soon after he graduated high school. zimmerman was part of osbourne high school's class of 2001. >> he was just very gracious and a nice fella. >> the 28-year-old zimmerman was s suburban orlando neighborhood on sunday, february 26, when he shot and killed an unarmed black teenager, trayvon martin, who was walking through the gated and racially mixed community with an ice tea in his hand and skittles in his pocket. zimmerman has not been charged in the case. the justice department is now investigating. >> i don't understand how it came to that kind of tussle that somebody would have to shoot somebody. i don't know the boy shot and i don't know what could have gone on there. >> mr. hall says he once wrote a letter of recommendation for his neighbor, george, to go to the police academy in northern virginia. >> he said he always wanted to be a policeman. >> he was captain of his neighborhood watch and licensed to carry a gun. >> we hope that it wasn't something that george did out of anger because we couldn't see him. the george we knew doing anything li