Why does the government want to cut spending?
The Autumn Statement will address the risk of a future “black hole” in the UK’s finances. …
And it may be undeniably painful when the sums are potentially so large. By way of illustration, the IFS says that saving £35bn would be equal to slashing the budget for all centrally funded public services, except defence and health, by 15%. Or, put another way, that sum is equal to more than £1 of every £8 spent on public sector wages.
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