David Prosser: Cuts, cuts and more cuts
Friday 11 December 2009
Outlook Two numbers that ought to frighten you (and that you certainly didn't hear during the Chancellor's pre-Budget report on Wednesday). They are 16 per cent and £15bn.
The first of these numbers is the total three-year cut to spending on departments that the Government has not promised to ring-fence as it tries to cut the budget. Both parties have promised to safeguard education, health, the police and overseas aid budgets, which means other departments have to take more than their fair share of spending cuts – 16 per cent, on average, between 2011 and 2014, the Institute for Fiscal Studies calculates. The second number, meanwhile, is the sum of the savings of which the Government has yet to spell out the detail. There is no dispute that to hit its targets, spending must come down by £36bn and the IFS says only £21bn of this cash can so far be accounted for (and that's assuming the Government is able to hit its £12bn efficiency savings target).
Where then will the axe fall? We won't find out until after the election, but the prospects for house and road building do not look good – social services, defence (leaving aside increases to spending on Afghanistan) and even green measures are vulnerable too.
- 1 Malaysian cyclist could face disciplinary action after 'Save Gaza' gloves protest
- 2 Is Gideon Levy the most hated man in Israel or just the most heroic?
- 3 Fifty Shades of Grey trailer provokes moral outrage from US parenting groups
- 4 McDonald’s removes chicken nuggets from the menu in Hong Kong amid major food scare
- 5 Students offered grants if they tweet pro-Israeli propaganda
The 'scroungers’ fight back: The welfare claimants battling to alter stereotypes
Arizona execution lasts two hours as killer Joseph Wood left 'snorting and gasping' for air
Malaysia Airlines MH17 crash: Ukrainian military jet was flying close to passenger plane before it was shot down, says Russian officer
Malaysia Airlines MH17 crash: Massive rise in sale of British arms to Russia
Malaysia Airlines MH17 crash: victims’ bodies bundled in black bags and loaded onto trains
John Barrowman praised for Commonwealth Games opening ceremony gay kiss
iJobs Money & Business
£600 - £650 per day: Orgtel: Conduct Risk Liaison Manager - Banking - London -...
£18000 - £23000 per annum + Comission: SThree: SThree, International Recruitme...
£280 - £300 per day + competitive: Orgtel: Test Analyst, Edinburgh, Credit Ris...
£20000 - £25000 per annum + OTE £40,000: SThree: SThree Group have been well e...