More, deeper cuts ahead as economic woes mount, The Independent
This article provides the latest insight as to the why the battle lines have become so hardened in terms of public sector budget. It puts the challenge of getting Government to reconsider the current very unfair approach to next year’s local government settlement into perspective. Not that we should give up – fighting for fair rural shares is crucial in this climate
Cabinet ministers have been warned to prepare for further sweeping budget cuts extending to 2016 as new figures showed another leap in public sector borrowing.
George Osborne told ministers attending yesterday’s Cabinet that they would have to do “more for less” and must start identifying savings across all areas of their departments ahead of next year’s Comprehensive Spending Review.
The warning came as it emerged that the Government borrowed £15.4bn last month – £500m more than the same month the previous year. More bad news is expected later this week with the publication of official growth figures, which are expected to show that output contracted in the final quarter of 2012.