Treasury calls for 10% cuts

Danny Alexander, the Chief Secretary to the Treasury, has sent a letter to government departments demanding a 10% cut in spending 2015/16. The demand does not apply to protected spending such as on schools and healthcare.

View all 3 updates ›

Labour: 'Osborne failing to deliver economic growth'

David Cameron and George Osborne never wanted or expected this spending review to happen.

They said their plan would balance the books by the next election, but their failure to deliver economic growth means there is now set to be a deficit of over £90 billion in 2015/16. That’s the reason why the Treasury is now looking for even more spending cuts and tax rises.

Yet instead of asking what’s gone wrong and what needs to be done to get the economy growing strongly, the Chancellor decided in the Budget to stick with the same old failing policies and a tax cut for millionaires.

– Chris Leslie MP, Labour’s Shadow Treasury Minister

More top news