Today the new chancellor, Jeremy Hunt, will present a set of spending cuts that are widely expected to be a return to the grim days of George Osborne's reign.Eye-watering spending cuts and tax rises have been heavily trailed in the media.The chancellor, his government and their media outriders have justified this renewed attack on public services and economic prosperity by pointing at a huge and terrifying new celestial body: the fiscal black hole which is alleged to have emerged in the public finances in the last month, and perhaps be as big as 60bn.
#back #years #governments #commitments #projections #economic-growth #public-services #government-spending #government-policy #tax-revenues
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