The Finance Minister George Osborne is on the wires in the plan for his budget cuts. The Government today published a worse than transfer Shortfallof expected net 15.6 B for September versus 14.5B of last year.
The following highlights are:
UK structural balance of 2014 15He debt is expenditure cost of 5 (b) by 2015Capital until end of the year has chosen to cut waste ever increasing BorrowingHe and WelfareWill cut reform 2B HigherCut are by natural TurnoverMore downsizing without deficit of ActionCuts 6B of management costs CutsJob losses Responsibilityof of individual DepartmentsPledges 100 M not FundRoyal budget expenditure on autumn y 14% in 2012 13Funding in local councils section 7.1% from 2015Foreign Office 24 cut % reached police to 4% for every YearHome Office budget 6% per YearPledges 2B to reform measures well-being StateBut welfare 7B annually save fall fall
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