UK would have to double scale of cuts to match Canada's public sector bonfire - Telegraph

<a href="http://www.telegraph.co.uk/finance/economics/7809460/UK-would-have-to-double-scale-of-cuts-to-match-Canadas-public-sector-bonfire.html">UK would have to double scale of cuts to match Canada's public sector bonfire - Telegraph</a>: "20pc cut in public spending which Canada implemented in the 1990s would be equivalent today to some £140bn worth of public spending cuts, according to the Institute of Economic Affairs. This is dramatically higher than the £71bn the Conservatives signalled they would aim for ahead of the election, and would necessitate the biggest reduction in public spending on record. <br />The warning came after David Cameron said that the imminent spending cuts, which will be spelt out by the coalition Government over the coming days, with George Osborne due to provide more detail of the mechanism for the cuts on Tuesday, would affect every Briton's life. He cited Canada as a country which successfully cut its national debt while maintaining stability and escaping recession."

UK would have to double scale of cuts to match Canada's public sector bonfire - Telegraph

UK would have to double scale of cuts to match Canada's public sector bonfire - Telegraph : "20pc cut in public spending which Cana...

Read more »