George Osborne will announce on Wednesday that he is forcing a uninformed spending fist on cash-strapped Whitehall departments to account £5bn value of investment in schools, ride and scholarship over a subsequent 3 years.
The Treasury is penetrating to be seen to mind a warning of a International Monetary Fund that cuts should be focused on day-to-day spending, and a supervision should boost infrastructure projects that could broach a long-term lapse to a economy.
The chancellor will contend that departments have been asked to find an additional £1bn cut subsequent year, rising to £2.5bn in 2014-15, from budgets already strike tough by purgation measures. The Treasury has also earmarked £3bn in “underspends” by departments that
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Source:
http://www.ezonearticle.com/2012/12/04/autumn-statement-george-osborne-to-announce-cuts-to-fund-5bn-spending/
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