The government’s plans for deficit reduction have increasingly stark implications for public spending as their deadline draws nearer. While overall expenditure is set to remain relatively flat in 2015-16 (the period covered by the latest Spending Review) the pace of reduction in total government spending is due to increase significantly in the two subsequent years.
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| : Matthew WhittakerA man for all seasons? What the Chancellor can expect in the OBR’s Spring outlook
Chancellor faces tougher choices and tax rises if Britain is to ‘reach the end of the tunnel’ on austerity