Osborne reveals plans for even deeper cuts if Tories win in 2015

George Osborne today told the cabinet there will be even deeper cuts if the Tories win the 2015 general election.

From “we’re all in it together” to “more with less” – get set for George Osborne to wheel the phrase out in the run-up to the next election, having told the cabinet today there will be even deeper cuts than those in this Parliament if the Tories win in 2015.

The news comes in the middle of a potential triple whammy of bad economic news, with the latest labour market stats out tomorrow and the latest GDP figures out Friday – both following today’s borrowing figures.

As Left Foot Forward reported earlier, borrowing in December 2012 was £15.4 billion compared to £14.8 billion in December 2011 – and net borrowing (excluding the one off transfer of Royal Mail pensions in April 2012) from April to December 2012 was higher than from April to December 2011.

Details of the latest cuts will be announced in the spending review, to report in the first half of this year, with the chancellor ordering ministers to draw up plans for cutting departmental spending for 2015-16. Many more public sector workers face the sack – at the Department for Education, staff numbers have already fallen drastically under plans to cut its running costs by 50 per cent.

Some departments are set to face cuts of 40 per cent, while spending on schools, the NHS and foreign aid will be “protected”.

As the election nears, Labour will have to say if it accepts the 2015-16 departmental spending totals – which the Conservatives and Liberal Democrats will be committed to post-2015 – a debate the party needs to have sooner rather than later.

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7 Responses to “Osborne reveals plans for even deeper cuts if Tories win in 2015”

  1. Jimbob

    IF.

    I’m voting UKIP, then you’ll have something to moan about!

  2. Beverley Anne Rupar

    I hope they cut the MP’s salary and expenses claims that will save a lot of money…plus tax some of those super rich and bring in the mansion tax…I mean they brought in the bedroom tax why not tax those who live in mansion homes they have more bedrooms than they require most of em….and most of those mansions are second homes…so lets tax the second home owners too while we are at it..instead of taking everything away from those who are struggling, poor, sick and disabled…lets see some of those Big bankers pay more in Income tax …they earn enough!!!! Maybe raise the Income tax on MP’s while we are at it…George Osborne and David Cameron can afford to pay more….after all ‘we are all in it together’ so they keep saying!!!!

  3. Newsbot9

    Yes, the poverty you want makes the Tories look moderate.

  4. Newsbot9

    So, you think that having only the rich afford to be MP’s will help? I disagree. Up the wage, slash the benefits.

    Oh – and taxing homes isn’t the answer, it’s taxing empty property and brownfield sites. Moreover, high rates of income tax won’t do much, we need to tax capital.

  5. Newsbot9

    Well of course – the deficit is too useful to abandon. Even Belgium, when it didn’t have a government, did better than this shower of…

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