The first cut – Chancellor’s public spending cuts announced
On 24th May 2010 the Chancellor, George Osborne announced the first cuts to be made in their plans to cut public expenditure to meet the current budget deficit of £156 billion, resulting from government intervention into the banking crisis in 2009.
£6.2 billion cuts in public spending were announced for this year. 90% of the cuts were made in 10 of the 16 Government departments.
The First Cut
© Urban Forum 2010
For full information, please download the PDF on this page.
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Tuesday, 25 May 2010
