View more on these topics

Brown to announce £12bn spending cuts

Prime Minister Gordon Brown is expected to set out plans to cut public spending by £12bn over four years.

Ahead of the pre-Budget report, Brown is expected to say in a speech today that he can achieve £3bn efficiency savings on top of those announced in April’s Budget, of which, £1.3bn come from streamlining central Government.

This may mean axing or delaying certain programmes.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

There are 3 comments at the moment, we would love to hear your opinion too.

  1. Perhaps our great leader could set up a Quango to look at other Quangos! They have had 12 years to cut these costs and still they make stupid statements. You can fool some of the people some of the time but you can’t ………. on reflection, he probably can!

  2. Isn’t £12bn the same amount of money Brown lost the taxpayer by giving away our Gold reserves for the the lowest possible amount.

    £3bn a year does not even scratch the surface.

    No doubt the dour scotsman has probably already planned his multi million pound follow up to Blair’s lecture tour and written his memoirs blaming everything on the Tories

  3. “Efficency savings” just highlight that Labour have inefficently implamented public spending in the first place – they shouldn’t be able to make those savings if they had been prudent in the first place. Agree with Ian, 3 Billion doesn’t scratch the surface.

    For a good example of Labour spending look at the new computer system for the NHS that has been mothballed. Years overdue, doesn’t work at all and millions spent at the start of the project cannot even be accounted for at all!

    I wish that was shocking, but currently that just seems like normality for the Government.

Leave a comment

Close

Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm

Email: customerservices@moneymarketing.com