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Impact of cuts will be enormous, warns PM
Posted By admin On June 7, 2010 @ 9:58 am In Economic Crisis | Comments Disabled
June 7, 2010
In a major speech on the economy, the Prime Minister will say the proposed cuts programme will affect “our whole way of life” and could be felt for decades, such is the scale of the debt problem.
His comments come as ministers prepare the ground for the emergency Budget on June 22, when Chancellor George Osborne will try to make serious inroads into the £156 billion annual deficit.
Mr Osborne and Danny Alexander, the new Chief Secretary to the Treasury, will on Tuesday publish the principles meant to underpin both the Budget and the spending review which will come later in the year.
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