Quote:
Originally Posted by jfman
If being pedantic I suppose when inflation is running as high as it is simply maintaining spending at current levels represents a significant cut in real terms.
Do that for a number of years and it’s a substantial amount. If you acknowledge that public sector wages and benefits will increase by something, even if less than inflation, you are still looking at massive cuts elsewhere to pay for it.
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Exactly.
As a rule though, I tend not to put too much weight on what Truss says on Day 1 as it is frequently altered by Day 2.