If the coalition is to meet its spending targets it will have to make further cuts to departmental budgets.
Public sector job losses could be significantly more than one million, according to a report published yesterday by the Institute for Fiscal Studies.
Due to the government’s failure to hit its savings targets, job losses in the public sector could be 300,000 higher by the end of 2017/18 than predicted, according to the IFS’s annual analysis of the government’s spending plans.
Within the IFS’s report, however, was also contained the prediction that, if the government continues to ring-fence the NHS budget, overseas aid and schools, spending cuts will need to be significantly more severe if the coalition is to meet the targets of its fiscal consolidation plan.
As things stand, just to keep his current savings plan on track, George Osborne will need to make much larger cuts to departmental budgets than he originally intended.
As we can see from the graphs below, the bar on the left represents what the government intends to cut while the bar on the right represents what the government will need to cut unless it reconsiders its policy of ring-fencing select budgets or increases government revenue through tax rises.
As the report phrases it:
“If such further cuts to departmental spending are not possible without a decline in the quality or quantity of public services that is unacceptable to politicians or to voters, then higher borrowing, further tax increases or social security spending cuts – perhaps after the next general election – must be on the cards.”
132 Responses to “More spending cuts on the way if coalition is to meet savings targets”
Gill
Oh Sorry, I do apologize, there was so many assumptions here that I had assumed people knew what they were talking about. Level of disability, lets say someone who needs a lot of care, unable to get out of bed, walk, stand, sit, sleep etc receives £56.25 to pay everything, I just wondered if you could advice how they should budget.
Newsbot9
Nope. But thanks for being completely wrong, as usual.
Gill
Over half of unemployed people are re-employed within Six Months, some are unemployed for between 6 and 12 months but the smallest group are unemployed for over 12 months, many of these tend to be over qualified university graduates, people who want specific jobs that they trained for, not Jeremy Kyle watching, Stella Artois Drinking, Fag Smoking, Obese McDonald eating fantasies within some ignorant peoples imaginations.
The reason why the UK has become flooded with food banks is because many Sick and Disabled People have unfairly been found Fit for Work, many have not even had ‘Medical Assessments’ by ATOS ‘Health Care Professionals’ (they are called that because they are not Doctors!) and many have been refused ANY form of benefit whilst they start the Appeal process, approx 10 weeks, they are left penniless. As of April no one will be entitled to any money during the revision stage and it will not be time limited or backdated. This means one thing, if you are stuck in bed, you will starve as you will have no money to pay towards your care, food, heating, rent, bills…nothing! Sick and Disabled people are being found Fit For Work by Decision Makers who are office staff and have absolutely NO Medical Knowledge!
These are people who have ALSO paid Tax, they have paid ALL their working lives until some awful day they got struck down by some dreadful disease or disability.
So many people are being made redundant and losing their homes, but the Government are fiddling the numbers by saying there were 1million new jobs, were they 40 hour a week full time jobs? No, they were micro jobs!
As for Vit D and Rickets, this has started affecting our children due to extra strong Sun Creams, Sun Hats and the constant worry of skin cancer. Parents have been advised to keep out of the Sun and their Children for several years, this has caused a low amount of Vit D during pregnancy. Now the advise is to not cover your children. The reason why the Asian community is affected is because again they cover up.
Everyone in the uk pays tax, please do not feel like you are a hero.
If you do not hate the poor go down to your local food bank this week and offer your services! See and hear some real life ‘Stories’
Absolutely_Passionate
When you say £56.25 to cover everything, do you really mean everything, like housing costs etc?
If you can’t sit or stand, then do you have some specially adapted apparatus to enable you to use your PC (voice recognition or suchlike)?
Do you have any skills or qualifications?
Absolutely_Passionate
Did the business fail?