1. Chris Ship

Budget cuts could impact jobs

In some respects this letter is not new because the Chancellor gave us the gloomy figures in last week's Budget. We know that he needs to save £11.5 billion in the next spending review- that is the period of 2015/16, in other word the year that starts just before the next general election.

Chancellor George Osborne delivering his budget to the House of Commons Credit: PA Wire

Today Danny Alexander has written to all of his Cabinet colleagues telling them how this figure shakes down for them and it equates to a 10% cut in resource budgets, that does include overheads and it does include jobs.