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.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles