Uk Faces 'Eight Years of Pain' From Spending Cuts
Evening Standard - London › July 24, 2009
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Summary
BRITAIN faces "eight years of pain" as the Government seeks to cut the nation's overdraft, experts warned today.
The Institute for Fiscal Studies forecast cuts in many areas of more than 16 per cent from 2011 to 2014 if expenditure on the NHS, schools, defence and overseas aid is to keep rising. But cuts or tax rises will have to last longer if Labour, or the Tories, are to meet a target of reducing the deficit from 11.9 per cent of GDP next year to 1.3 per cent by 2018.See the full content of this document
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Uk Faces 'Eight Years of Pain' From Spending Cuts
"It could be eight years of pain," said IFS deputy direct...
See the full content of this document
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