Thursday, 4 December 2014

More Cuts Yet To Come

So how's this austerity working out for you? Not very good is it and tucked away in the small print of yesterdays Autumn summary was the announcement that we have not even seen the worst of it yet with only 40% of the cuts announced so far being actioned, there is still another 60% waiting in the wings for us.
The Institute for Fiscal Studies said Osborne has a duty to spell out his deficit reduction plans and warned of cuts on a 'colossal” scale' as the scale of cuts to departmental budgets and local government would reduce the role of the state to a point where it would have 'changed beyond recognition'.
The Office for Budget Responsibility joined in and said that the cuts set out in Treasury assumptions would see the state reduced to its smallest size relative to GDP for 80 years. 
Obviously after 4 years of Conservative Party cuts, we are still no better of then we were when Gideon and Dave took over the reins of Government and with the majority of cuts kicked into the long grass ready for whoever makes up the next Government, it's all very depressing.

1 comment:

Lucy said...

Something needs to change, not sure what but at some point somebody has to say this isn't working and do something different.