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Spending Review: Osborne Cuts £7bn From Welfare
post Oct 20 2010, 05:13 AM
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Chancellor George Osborne has announced the government's four-year Spending Review to Parliament, revealing some of the deepest cuts in public spending in decades.

The key announcements:

* About 490,000 public sector jobs likely to be lost
* Average 19% four-year cut in departmental budgets
* Structural deficit to be eliminated by 2015
* £7bn in additional welfare budget cuts
* Police funding cut by 4% a year
* Retirement age to rise from 65 to 66 by 2020
* NHS budget protected; £2bn extra for social care
* Schools budget to rise every year until 2015
* £30bn capital spending on transport
* Permanent bank levy


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post Dec 16 2010, 12:32 AM
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I thought that Jack Osborne did it biggrin.gif

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