Wednesday, Dec 09, 2009

Tough choices

FT: Schools, health and police spared in PBR

Alistair Darling will flesh out the biggest squeeze in public spending for a generation in his pre-Budget report, with only schools, hospitals and the police being spared average cuts of about 14 per cent over three years.
Mr Darling’s pledge to protect “frontline services” sets out Labour’s election battlelines, but implies three years of pain for all other areas of spending, including defence, housing and business support.

Posted by devo @ 12:25 AM (1041 views)
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1. crunchy said...

“frontline services”

How profoundly succinct Darling.

Wednesday, December 9, 2009 01:32AM Report Comment

2. Philip9134 said...

I feel that this will turn out to be another uuuuuuuuuuuuuuuuuuuuuuuuuuuu turn, just as soon as the first union rep says boo.

Wednesday, December 9, 2009 08:22AM Report Comment

3. alan said...

Bloomberg are more objective:
Title: "Darling May Tax Bankers, Boost Borrowing as U.K. Election Nears".
Commentary: " Chancellor of the Exchequer Alistair Darling today may boost the U.K. Treasury’s borrowing and raise taxes on bankers, part of the Labour government’s effort to revive voter support before next year’s election". Perhaps he will tell us again that everything will be OK and everyone will get more while doing nothing?

“We can’t solve the problem of the deficit straight away, but what there’s an absence of is a credible plan,” Cameron said yesterday. “I don’t think anyone’s going to be impressed with a plan that doesn’t at least have some early action in it.” Says it all, really.

Wednesday, December 9, 2009 09:06AM Report Comment

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