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Public sector cuts 'total £36bn' | Public sector cuts 'total £36bn' |
(about 7 hours later) | |
Chancellor Alistair Darling has not revealed all the cuts needed to cut the UK's deficit, experts have warned. | |
Public spending is facing a £36bn squeeze from 2011 - with £15bn of the cuts needed yet to be identified, the Institute for Fiscal Studies has said. | Public spending is facing a £36bn squeeze from 2011 - with £15bn of the cuts needed yet to be identified, the Institute for Fiscal Studies has said. |
With health and education protected, the axe would fall on defence, housing, transport and higher education. | With health and education protected, the axe would fall on defence, housing, transport and higher education. |
Justice Secretary Jack Straw said the IFS had not taken into account savings the government has already made. | Justice Secretary Jack Straw said the IFS had not taken into account savings the government has already made. |
'Political statement' | |
He told BBC News: "We've already spent £4bn less on unemployment benefits and income support for the unemployed than was anticipated." | |
Because they are not discussing priorities openly a great deal of damage is being done Vince Cable, Lib Dem Treasury spokesman Nick Robinson on the IFS report Darling denies pre-election 'con' | Because they are not discussing priorities openly a great deal of damage is being done Vince Cable, Lib Dem Treasury spokesman Nick Robinson on the IFS report Darling denies pre-election 'con' |
The government hoped to make further savings by "moderating the rate of increase of unemployment", he added. | |
Mr Darling has continued to face accusations that he is withholding the full extent of the cuts required until after the election. | |
And BBC political editor Nick Robinson said he understood the Treasury and No 10 have been at odds over the issue of public spending next year. | |
Gordon Brown had won out, he said, in his insistence that existing commitments to boost spending by £30bn must be maintained. | |
Philip Hammond, for the Conservatives, said the IFS report "underlines the fact that the PBR... was a political statement designed for electioneering purposes rather than to address the real needs of the country". | |
In its report, the IFS estimates the cost to families of paying back the national debt is £2,400 a year for eight years. | In its report, the IFS estimates the cost to families of paying back the national debt is £2,400 a year for eight years. |
This would come from tax increases, such as the 0.5% rise in National Insurance from 2011 announced by Mr Darling in his pre-Budget report on Wednesday, and the impact of spending cuts. | This would come from tax increases, such as the 0.5% rise in National Insurance from 2011 announced by Mr Darling in his pre-Budget report on Wednesday, and the impact of spending cuts. |
The IFS says whichever party wins the next general election will have to cut 6.4% per year between 2011 and 2014 if they want to protect schools, hospitals and increase overseas aid, as both Labour and the Conservatives say they do. | The IFS says whichever party wins the next general election will have to cut 6.4% per year between 2011 and 2014 if they want to protect schools, hospitals and increase overseas aid, as both Labour and the Conservatives say they do. |
The think tank predicted "severe cuts" elsewhere, of the kind not seen in Britain since the late 1970s, potentially across departments such as housing, transport, higher education and even defence. | The think tank predicted "severe cuts" elsewhere, of the kind not seen in Britain since the late 1970s, potentially across departments such as housing, transport, higher education and even defence. |
The clampdown could even mean that all of Labour's increase in public spending since it came to power could be unwound by 2018, the experts warned. | The clampdown could even mean that all of Labour's increase in public spending since it came to power could be unwound by 2018, the experts warned. |
The IFS also estimated that Mr Darling had a 25% chance of missing the government's own Fiscal Responsibility Bill target, compelling it to halve Britain's record £178bn budget deficit in four years. | |
But they were also critical of Conservative plans to tackle the deficit, saying it had a 16% chance of success. | But they were also critical of Conservative plans to tackle the deficit, saying it had a 16% chance of success. |
Of the £36bn in public spending cuts needed, the IFS said £12bn will come from efficiency savings - although it warns that the government has fallen short of its previous targets for efficiency savings - and £3.4bn will come from the public sector pay cap announced in the pre-Budget report. | |
Union anger | Union anger |
A further £1bn will come from cuts to public sector pensions and £5bn from already announced scaling back of spending programmes like IT, legal aid and prison management. | A further £1bn will come from cuts to public sector pensions and £5bn from already announced scaling back of spending programmes like IT, legal aid and prison management. |
That would leave £15bn of unidentified cuts. | That would leave £15bn of unidentified cuts. |
The IFS also warns that debt levels could remain high "for a generation" - at about 60% of national output - without policies to tackle the impact of the ageing population on the UK's public finances. | |
Lib Dem Treasury spokesman Vince Cable, who argues that no areas of public spending should be off limits when it comes to cuts, called for a "proper debate" on where the axe should fall. | Lib Dem Treasury spokesman Vince Cable, who argues that no areas of public spending should be off limits when it comes to cuts, called for a "proper debate" on where the axe should fall. |
"Because they are not discussing priorities openly a great deal of damage is being done," he told BBC News. | |
TUC General Secretary Brendan Barber called for "radical new thinking" to avoid cuts to services and warned of possible industrial action over the "unfair" public sector pay freeze. | TUC General Secretary Brendan Barber called for "radical new thinking" to avoid cuts to services and warned of possible industrial action over the "unfair" public sector pay freeze. |
He said there should be a "fairer contribution from the wealthiest" to help pay off Britain's debts. | He said there should be a "fairer contribution from the wealthiest" to help pay off Britain's debts. |
But BBC economics editor Stephanie Flanders said the IFS analysis also suggested the tax rises in the pre-Budget report would "overwhelmingly" impact on the top 10% of earners. | |
"Their income, if nothing else changes, will be cut by 5% by 2012," she added. | "Their income, if nothing else changes, will be cut by 5% by 2012," she added. |