Darling sharpens axe on spending

Posted on

FT.com / UK / Politics & policy - Darling sharpens axe on spending.

The FT notes:

Alistair Darling will order ministers this week to start work on the most swingeing public spending review in a generation, as officials acknowledged that some departments could see cuts of about 16 per cent over three years.

With no real sign of recession being at an end and with deflation still a high risk this is madness.

The Compass report 'In Place of Cuts' sets out a clear alternative that will work. Labour has to be radical. Darling has been captured by the Treasury. If, by chance, they win an election he will have to be moved.

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