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Osborne unveiling cuts proposals | Osborne unveiling cuts proposals |
(22 minutes later) | |
Shadow chancellor George Osborne has unveiled tough proposals to tackle Britain's debts - including a public sector pay freeze in 2011. | |
He told the Conservative conference in Manchester that only frontline soldiers and people on less than £18,000 a year will still get rises. | |
He said the freeze would help protect jobs and stressed the whole country was "in it together". | |
And he warned bankers he may tax bonuses if they were excessive. | |
In a series of measures that are likely to form the backbone of the Conservative election manifesto, Mr Osborne proposed a crackdown on the pay of government ministers, which will be frozen for the life of the Parliament. | In a series of measures that are likely to form the backbone of the Conservative election manifesto, Mr Osborne proposed a crackdown on the pay of government ministers, which will be frozen for the life of the Parliament. |
He also proposed curbs on "excessive salaries at the top of Whitehall". | He also proposed curbs on "excessive salaries at the top of Whitehall". |
Any new public employee with a salary greater than the level of the prime minister would need special permission from the Treasury. | |
He also vowed to cut the cost of Whitehall - proposing to slash budgets by a third during the lifetime of Parliament. | He also vowed to cut the cost of Whitehall - proposing to slash budgets by a third during the lifetime of Parliament. |
Tax credits for families earning more than £50,000 a year would be ended and the child trust fund would be limited to the poorest third in society. | |
But child benefit will be preserved as a universal benefit and the party would not axe the winter fuel payment or free TV licences for pensioners, he said. |