UK govt to cut spend up to 40%

2010-07-04 19:42

kalahari.com

London - Britain's coalition government has ordered many ministries to plan for spending cuts of up to 40%, far greater than announced in an emergency budget, the finance ministry said on Saturday.

As Britain bids to slash a record budget deficit, departments had been warned to expect spending cuts of about 25%, but many ministries have now been asked to identify where cuts of 40% could be made.

It is the latest step in laying the ground for a spending review to be published in October which is expected to be the toughest since World War II.

The newly created Office for Budget Responsibility has forecast that 600 000 public sector jobs will be lost as Prime Minister David Cameron's Conservative-Liberal Democrat government grapples with the deficit.

Chancellor of the Exchequer George Osborne said last month that the defence and education ministries would receive favourable treatment, but they have now been told to assess the potential impact of cuts of 10% and 20%.

They only departments to escape any cuts will be health and international development, whose funding is "ring-fenced" during the current parliament term.

Record budget deficit

A Treasury spokesperson said: "We are determined to tackle the record budget deficit in order to keep rates lower for longer, protect jobs, and maintain the quality of essential public services.

"The Cabinet has been briefed on the planning assumptions that their departments should use for the initial phase of the spending review.

"These planning assumptions are not final settlements, and do not commit the Treasury or departments to final settlements.

"These assumptions will be negotiated so that we both tackle the deficit and support the freer, fairer and more responsible Britain we want to see."

- SAPA
Read more on:    uk
NEXT ON NEWS24X
SHARE:

Read News24’s Comments Policy

 

Inside News24

 
/Africa
 

Device lets disabled people talk through their nose

A device that converts nose breaths into speech will open new doors for people with Parkinson’s or motor neuron disease.

 
 

For chic geeks...

It’s THIS easy for someone to steal your ATM pin!
This is why you should install iOS 8
17 photo illusions that look so real
Check out the speed of this robo-cheetah!

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now!

Kalahari.com - shop online today

Pre-order your iPhone 6 at kalahari.com

Hurry and pre-order your own iPhone 6 now at SA’s favourite online store!

Bargain box – 60% off

Reduced prices, very limited stock. While stocks last. Hurry and shop now!

Mind blow low prices on electronics

Get either the Prestigio multiphone or Proline tablet 7” tablet for only R699. Offers valid while stocks last. Shop now!

30% off Barbie toys

Save 30% on all Barbie toys and accessories. Offer valid while stocks last. Shop now!

Baby extravanganza month at kalahari.com

Celebrate baby month with a wide range of awesome baby products. Offers valid while stocks last. Shop now.

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

Horoscopes
Aquarius
Aquarius

Don`t judge so quickly or expect too much, be more accepting and understanding and make space for fun and spontaneity. ...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.