The phoney election goes on and pundits study the range of permutations in a hung Parliament. But whoever eventually holds office, they will have to make some brutal cuts in public expenditure and some tax increases as well if they want to halve the deficit. For example, they would have to cut public sector pay by 5 per cent, freeze all benefits for a year, means test child benefit and stop all school building. And that's just for starters: Cuts
Choose your own cuts using the FT's interactive deficit-bsuter tool here: Deficit
1 comment:
The means testing of child benefit wont happen because the cut off will have to be so low to make it worth the bureaucracy that it would be suicide.
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