News Analysis - Spending Review: Coalition cuts deep to stimulate recovery

george osborne

In his October Spending Review, Chancellor of the Exchequer, George Osborne, announced cuts in government spending amounting to £81bn by 2014-15. Combined with the tax rises announced in June's Emergency Budget, the Chancellor's steps are designed to eliminate the UK's structural deficit.

Osborne has banked on his measures strengthening the economy by making it better able to create wealth and jobs, though with projections of 492,000 public sector posts being lost over four years, it is unclear

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