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Spending Round to extend austerity beyond election

The Chancellor, George Osborne will set out his final Spending Round today before the country goes to the polls in 2015.

  • The Spending Review for 2015/16 is expected to slice £11.5 billion off the day-to-day budgets of Whitehall departments
  • It will extend the age of austerity the beyond the general election
  • But Mr Osborne is also expected to confirm that billions of pounds of additional investment are to be directed into major infrastructure projects to boost growth
  • The Chancellor will tell MPs that he remains committed to his cuts strategy to pay down Britain's massive debts as the country moves from "rescue to recovery"