Wednesday, 20 October 2010

George Osborne: '"It will always pay to work"

  • £81bn cut from public spending over four years
  • 19% average departmental cuts - less than the 25% expected
  • £7bn extra welfare cuts, including changes to incapacity, housing benefit and tax credits
  • £3.5bn increase in public sector pension employee contributions
  • Rise in state pension age brought forward
  • 7% cut for local councils from April next year
  • Permanent bank levy
  • Rail fares to rise 3% above inflation from 2012
I didn't vote in the election..... so that means this isn't my fault right?

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