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Showing posts with label spending cuts. Show all posts
Showing posts with label spending cuts. Show all posts

Monday 9 March 2015

Labour fear mongering?

See http://www.bbc.co.uk/news/uk-politics-31790067 .

Ed Balls is claiming that, if the Conservatives get back into office there will be very large cuts in public spending.  I have no idea if this is correct or not.  What is clear is that further drastic cuts are probably needed whatever the flavour of government.  As a nation we have to live within our means.  No ifs, no buts.

Thursday 4 December 2014

Huge spending cuts ahead?

Whichever party forms the next government, an independent think tank (IFS) has warned we face colossal spending cuts ahead if we are to "balance the books". Labour want to do this slightly more slowly than the Conservatives, but either way we are in for more austerity.  Of course, in the lead up to a General Election no party wants to tell the cold truth.


See http://www.bbc.co.uk/news/business-30327717 .