Osborne lays it on the line
- 500,000 public sector jobs to go
- £81bn cut from public spending over four years
- 19% average departmental cuts
- £7bn extra welfare cuts, including changes to incapacity, housing benefit and tax credits. That’s on top of the 11 billion previously announced
- Retirement age for men and women rises to 66 from 2020
- 7% cut for local councils per annum from April next year. That’s nearly 30% across the parliament
- Social housing rents to rise to 80% of market value
Good luck. More later…