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.
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