View more on these topics

CSR: Osborne says turning back on cuts will lead to ruin

Chancellor George Osborne has warned that any turning back on the scale of cuts would lead to “the road to ruin”.

Announcing the Comprehensive spending review in Parliament today, Osborne said Government spending will continue to rise over the term of this parliament, from £651bn to £693bn, due to debt repayments.

Responding to concerns about the size of the cuts, he said: “To back down now would be to take the road to ruin.”

He added: “We wil make sure that the financial catastrophe that happened under the last government will never, never, never happen again.”

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    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