This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/uk-politics-23018465
The article has changed 7 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Spending review: UK economy 'leaving intensive care' | Spending review: UK economy 'leaving intensive care' |
| (about 7 hours later) | |
| The UK economy is "leaving intensive care", Chancellor George Osborne will say as he unveils his spending plans for 2015-16. | The UK economy is "leaving intensive care", Chancellor George Osborne will say as he unveils his spending plans for 2015-16. |
| Mr Osborne will outline £11.5bn of Whitehall cuts when he delivers his spending review on Wednesday. | Mr Osborne will outline £11.5bn of Whitehall cuts when he delivers his spending review on Wednesday. |
| But Mr Osborne will announce investment in infrastructure projects, including roads, railways, education and science. | But Mr Osborne will announce investment in infrastructure projects, including roads, railways, education and science. |
| Shadow chancellor Ed Balls has said the government should do more to boost the economy to avoid the need to make cuts. | Shadow chancellor Ed Balls has said the government should do more to boost the economy to avoid the need to make cuts. |
| 'Rescue to recovery' | 'Rescue to recovery' |
| Mr Osborne will announce an infrastructure plan to "power Britain back into the economic premier league". | Mr Osborne will announce an infrastructure plan to "power Britain back into the economic premier league". |
| The chancellor is expected to tell MPs: "Britain is moving from rescue to recovery. But while the British economy is leaving intensive care; now we need to secure that recovery. | The chancellor is expected to tell MPs: "Britain is moving from rescue to recovery. But while the British economy is leaving intensive care; now we need to secure that recovery. |
| "Full recovery won't be easy, but I won't let up in my determination to put right what went so badly wrong. | "Full recovery won't be easy, but I won't let up in my determination to put right what went so badly wrong. |
| "We are already making progress; the economy is growing, more than a million new jobs have been created by British businesses and the amount the government has to borrow each year - the deficit - is down by one third. | "We are already making progress; the economy is growing, more than a million new jobs have been created by British businesses and the amount the government has to borrow each year - the deficit - is down by one third. |
| "But there's more we have to do - it's time for the next stage of our economic plan." | "But there's more we have to do - it's time for the next stage of our economic plan." |
| Scale of cuts | Scale of cuts |
| And he will launch an attack on the opposition, saying: "Three years ago Labour tried to scare the country about the pain to come if any government actually dared to cut spending and borrowing. But their predictions haven't come true." | And he will launch an attack on the opposition, saying: "Three years ago Labour tried to scare the country about the pain to come if any government actually dared to cut spending and borrowing. But their predictions haven't come true." |
| Mr Osborne will use fines from the Libor bank interest rate-fixing scandal to benefit war veterans and their families. | Mr Osborne will use fines from the Libor bank interest rate-fixing scandal to benefit war veterans and their families. |
| The chancellor is still in negotiations with some government departments over the scale of cuts required. | The chancellor is still in negotiations with some government departments over the scale of cuts required. |
| Labour leader Ed Miliband has announced that he would not be able to afford to reverse Mr Osborne's cuts should his party come to power at the next election in 2015. | |
| Writing in the Sunday Mirror, Mr Balls said: "Instead of planning more cuts two years ahead, they should use this week's spending review to boost growth and living standards this year and next year. | Writing in the Sunday Mirror, Mr Balls said: "Instead of planning more cuts two years ahead, they should use this week's spending review to boost growth and living standards this year and next year. |
| "More growth now would bring in more tax revenues and mean our public services would not face such deep cuts in 2015." | "More growth now would bring in more tax revenues and mean our public services would not face such deep cuts in 2015." |