Summary
PRE-Budget briefings suggested that Alistair Darling might defy the Prime Minister and take an axe to public spending.
But although he promised efficiency savings of Pounds 9billion a year - implying that the public sector was being pared to the bone - the truth is that public spending is actually poised for a dramatic increase, on top of the Pounds 25billion fiscal stimulus package announced last November.See the full content of this document
Extract
How to Save Pounds 50bn in One Year ; Analysis [Edition 2]
Compared with his plans only five months ago, the Chancellor now intends to spend an additional Pounds 18billion next year, and Pounds 20billion the following year. So that's a total increase in spending of Pounds 38billion over two years.
Of course, part of this inc...See the full content of this document
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