Austerity targets are set almost to double to £48bn Britain is exactly at the halfway point of a planned nine-year programme of cuts, and the second half promises to be more difficult than the first, whichever party wins the next general election. George Osborne must cut deeper into the budgets of the army, police and courts as the annual savings needed to meet his austerity targets are set almost to double to £48bn, Financial Times analysis shows. As Britain hits the midway mark of its decade of planned austerity, the findings suggest that far from the cuts becoming lighter after 2015 – as the chancellor and prime minister David Cameron have suggested – they are poised to become much harsher for departments outside the protected areas of health, schools and overseas aid. The findings will come as a blow to the Tory Party which, only six months away from a general election, is seeking to attract voters with talk of more tax cuts...
Posted on: Mon, 10 Nov 2014 12:55:45 +0000
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