spending review
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By politics.co.uk staff New shadow chancellor Alan Johnson has refused to make a break with Alistair Darling’s approach to cutting the deficit as the comprehensive spending review approaches. Labour’s new economics chief has had barely a fortnight to come up with a credible alternative to the sweeping spending cuts expected to be unveiled by his… Read more »
By Peter Wozniak The vast spending cuts to be revealed next week by the chancellor constitute “a shower, not a hurricane”, a report has argued. Tim Morgan, of the brokerage firm Tulett Prebon, wrote the comments in a pamphlet for the Centre for Policy Studies think tank. Mr Morgan argued that the cuts package unveiled… Read more »