Thinktank says though numbers quoted by government not inaccurate, spending squeeze of £1 in every £100 spent ‘seriously underestimates size of challenge’
The Institute for Fiscal Studies has warned that the government has given a misleading impression of the size of the cuts required for George Osborne to meet his pledge to balance the books over the next three years.
Carl Emmerson, the thinktank’s deputy director, said “unprotected” Whitehall departments – excluding the NHS, schools spending and overseas development – could face cumulative cuts of more than 15% over the next three years.
Continue reading...