Author Topic: Osborne 'secures deals' on 30% cuts  (Read 182 times)

Description: The transport, local government and environment departments, plus the Treasury, have all agreed deals ahead of the spending review on 25 November.

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Osborne 'secures deals' on 30% cuts
« on: November 09, 2015, 07:00:54 PM »

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Osborne 'secures deals' on 30% cuts

Spending review: George Osborne 'secures deals' on 30% cuts



   
   

       
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    9 November 2015


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  • From the section UK Politics



   

                                                                                                   

               
                Chancellor George OsborneImage copyright
                Getty Images
               
           

           
           
Image caption
               
                    Mr Osborne will reveal his spending review later in the month
               

           

Four government departments have provisionally agreed to cut their spending by an average of 30% over the next four years, Chancellor George Osborne is to announce later.

The transport, local government and environment departments, plus the Treasury, have all agreed deals ahead of the spending review on 25 November.

The cuts will help the public finances back into surplus, he will say.

A Treasury source told BBC News the agreements were "really good progress".

The departments will be expected to cut day-to-day spending over the next four years through a combination of efficiency savings and closing low value programmes.

Negotiations are continuing with others, the source added and it has been revealed plans nine new prisons to replace old jails.

The chancellor has asked most parts of the government to come up with savings of between 25% and 40% by the end of the current parliament.

A number of departments, including health and overseas aid, have had their budgets protected.

                                                                                                   

In a speech later in London, Mr Osborne will warn that if the government does not control spending there is a risk of loss of confidence in the economy.

"The deficit could bring our country down," he will say. "While debt is high, our economic security is in danger.

"No-one knows what the next economic crisis to hit our world will be, or when it will come. But we know we haven't abolished boom and bust."

'Resisting attempts'

One department which has not yet reached an agreement is the Department for Work and Pensions, from where Mr Osborne is seeking £12bn in welfare savings.

The chancellor is currently seeking new ways to save £4bn after the House of Lords rejected legislation paving the way for working tax credit cuts.

But Work and Pensions Secretary Iain Duncan Smith is strongly resisting attempts by the Treasury to make Universal Credit less generous, the BBC understands.


               
               
               

               
               
                Image copyright
                PA
               
           

           
       

Universal Credit is a new type of benefit designed to support people who are on a low income or out of work.

It is replacing six existing benefits - income-based jobseeker's allowance, income-related employment and support allowance, income support, child tax credit, working tax credit, and housing benefit.

Resigning matter?

But Treasury officials are thought to be considering increasing the penalties faced by claimants who take extra work.

It has prompted speculation over whether Mr Duncan Smith might resign over the row.

But asked on the BBC's Andrew Marr Show if Mr Duncan Smith would leave, Foreign Secretary Philip Hammond said: "I don't think so."


               
               
               

               
               
                Image copyright
                Reuters
               
           

           
           
Image caption
               
                    Mr Cameron is to say the forthcoming spending review will protect working families
               

           

Also on Monday, Prime Minister David Cameron will address the annual conference of business lobbying group, the CBI.

He will say that the spending review, which sets out where government cuts will fall over the next five years, will be about putting the security of UK families first.

"By making the further savings we need over the course of this parliament, we can prioritise what matters for working families - schools, the NHS and our national security," Mr Cameron is expected to say.


                                                                                               

Source: Osborne 'secures deals' on 30% cuts






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TJ

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Re: Osborne 'secures deals' on 30% cuts
« Reply #1 on: November 10, 2015, 01:16:14 PM »
Austerity politics is just another form  of taxation.

Create spending cuts and force local authorities /schools/hospitals/councils..to produce ways of obtaining funding from the public.

Cut backs or "Austerity" measures are simply brushing off responsibilities to smaller parties

Offline francis drake

Re: Osborne 'secures deals' on 30% cuts
« Reply #2 on: November 10, 2015, 08:38:34 PM »
Austerity politics is just another form  of taxation.

Create spending cuts and force local authorities /schools/hospitals/councils..to produce ways of obtaining funding from the public.

Cut backs or "Austerity" measures are simply brushing off responsibilities to smaller parties

I disagree TJ.
All taxation is theft by another name. It should never be the government's job to do all this stuff anyway, which they can only do by stealing more of my money to buy votes from other people.

The worst part is that government borrowing to fund all this Welfare State largesse is stealing the future generation's prosperity. Government borrowing simply passes the repayments to your great great grandchildren so that you can be comfortable today.
What right have we got to saddle those people because of this generation's laziness.

Spending cuts makes local authorities cut back on their expenditure which is good.

Big state and big church produce very similar results. Everyone abdicates their God given personal responsibility and sits about whining that the leaders should do something or the government should do something.

Big government, and strong leadership in church produces an infantile public and an infantile congregation. Neither lot realises how Satan has stolen their freewill along with their responsibility. Both are enslaved.

Disturb us Lord, when we are too pleased with ourselves. When our dreams have come true because we dreamed too little. When we arrived safely because we sailed too close to the shore. Disturb us Lord, to dare more boldly. To venture on wider seas. Where storms will show your mastery; Where, losing sight of land, we shall find the stars. We ask you to push back the horizons of our hopes; And to push into the future, in strength, courage, hope and love.                     (SIR FRANCIS DRAKE 1577)

TJ

  • Guest
Re: Osborne 'secures deals' on 30% cuts
« Reply #3 on: November 11, 2015, 01:58:29 AM »
ahh well its your own prerogative to "disagree"

I agree to disagree

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