Kwasi Kwarteng faces finding £60bn of cuts, says IFS
Chancellor Kwasi Kwarteng will have to find spending cuts of more than £60 billion if he is to meet his target to get the public finances back under control, a leading economic think tank has warned.
Chancellor Kwasi Kwarteng will have to find spending cuts of more than £60 billion if he is to meet his target to get the public finances back under control, a leading economic think tank has warned.
The Institute for Fiscal Studies (IFS) said it was not possible to deliver cuts on that scale through efficiency savings and "trimming the fat" and that it would require major cuts to public services.
Advertisement
Hide AdAdvertisement
Hide Ad