January 15, 2010

SPENDING, SPENDING, SPENDING:

Conservatives plan immediate cuts if elected (Evening Standard, 1/15/10)

A Conservative government would start cutting back on state spending immediately after taking office if it wins this year's general election, shadow chancellor George Osborne said today.

For the first time, Mr Osborne said the Tories would be ready to make in-year reductions in Labour's £707 billion spending plans for 2010/11, set out in last month's Pre-Budget Report.

He named spending on advertising and consultants, tax credits for people earning more than £50,000 and Child Trust Funds for better-off families as items which would be cut during the coming financial year.

Posted by Orrin Judd at January 15, 2010 6:46 AM
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