Spending cuts not deep enough: economists

Spending cuts recommended by the audit commission not considered unduly tough.

Spending cuts recommended by the audit commission are not unduly tough and any temporary deficit levy will still damage the incentive to work, economists say.

Deutsche Bank chief econo­mist Adam Boyton said the commission’s 86 recommendations, due for release tomorrow, would still allow per-person, inflation-adjusted spending to rise by about 0.75 per cent a year.

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