Chancellor is considering cutting billions more from public spending to pay for reductions in tax or NI
Britain’s stretched public services will buckle under the weight of the spending cuts being planned for after the election, economists have warned, as Jeremy Hunt prepares for another round of tax reductions in next week’s budget.
Experts say the level of public sector spending pencilled in for the next parliament would mean cuts equivalent to those undertaken by David Cameron’s government from 2010 to 2015. Some have warned the next government will not be able to implement them, and will be forced either to raise taxes or borrow more to fund emergency spending.
Continue reading… The Guardian Read More Chancellor is considering cutting billions more from public spending to pay for reductions in tax or NI Britain’s stretched public services will buckle under the weight of the spending cuts being planned for after the election, economists have warned, as Jeremy Hunt prepares for another round of tax reductions in next week’s budget.Experts say the level of public sector spending pencilled in for the next parliament would mean cuts equivalent to those undertaken by David Cameron’s government from 2010 to 2015. Some have warned the next government will not be able to implement them, and will be forced either to raise taxes or borrow more to fund emergency spending. Continue reading…
