Author Topic: Saving the bankers  (Read 874 times)

Offline Ellipses

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Saving the bankers
« on: July 21, 2015, 01:13:41 PM »
UK government departments have been ordered to prepare for cuts of up to 40% as Chancellor George Osborne fired the first shot in the latest Whitehall spending review.

Mr Osborne warned ministers in unprotected departments would be expected to deliver "more for less" in the Government's drive to save £20 billion over the next four years.

Treasury Chief Secretary Greg Hands is writing to departments to set out plans to achieve savings of 25% and 40% by 2019-20 - in a repeat of what happened at the start of the last parliament in 2010.

Giving evidence to the Commons Treasury Committee, Mr Osborne acknowledged that ring-fencing spending on defence, schools, the NHS and international aid would mean deeper cuts elsewhere.

"It is right for a Government to make a judgment about its priorities. We have made those commitments," he said.

"That obviously increases pressures elsewhere in government. But government is ultimately about making these choices. I think we have made the right choices."

While he defended the Government's commitment to spending 0.7% of GDP on international aid, he signalled that ministers would be conducting a thorough review of how the money is used.

"We want to make sure that we are saving lives," he said.