Call for cut in public spending

The Policy Exchange warns the next government that it must be prepared to make ‘radical and immediate cuts’ to spending, or face a debt crisis. It said that the next government must cancel the increases in spending, because it was ‘much easier not to raise spending than it is to cut it later’. The Policy Exchange report estimated that only a third of the recent increase in government spending is allocated to measures intended to combat the recession, with the rest going on increased budgets for government departments.