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Old 12-12-2014, 16:04   #7
Hugh
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Re: IFS: Osbourne's cuts force a "fundamental re-imagining of the state"

So our public sector spending, as a proportion of GDP, will be back to the Labour Government's spending levels in 2002 - I don't remember the world ending then.....

But at least we know we have well-defined plan for reducing the deficit from Labour, who will (apparently) create millions of well-paid jobs in the first parliament, thus raising tax revenues....

http://www.bbc.co.uk/news/uk-politics-30417955
Quote:
  • Stopping the winter fuel allowance for "the wealthiest pensioners"
  • Capping child benefit rises at 1%
  • Scrapping police commissioners
  • Selling off "unwanted government assets".
He also said Labour would make savings of £500m in local government.

This includes merging some of England's 46 fire authorities and scrapping the New Homes Bonus, which rewards councils for the amount of homes built in their area.

Asked afterwards what more Labour would do to cut spending, he said that beyond the measures announced: "The right way to make these decisions is frankly in government".
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