How to save £50 billion: reducing spending for sustainable public finances

How to save £50 billion: reducing spending for sustainable public finances
Document type
Paper
Author(s)
Taylor, Corin; Farrugia, Ben; O'Connell, John
Publisher
Institute of Directors
Date of publication
11 September 2009
Subject(s)
Trends: economic, social and technology trends affecting business
Collection
Business and management
Material type
Reports

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A report argues that it is necessary to cut public spending by fifty billion pounds per year to reduce the deficit, and suggests specific cuts to achieve that target. They are based around ending government programmes that are not achieving results, preventing government over-stretch into areas in which it should not be involved, reducing or abolishing jobs and organisations that are not involved in front-line delivery of government services, cutting the budgets of specific government departments, freezing state pensions and the Minimum Income Guarantee, freezing public sector pay and cutting pension contributions, and abolishing benefits that are considered to benefit the affluent.

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