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| Version 1 | Version 2 |
|---|---|
| Spending review: UK economy 'leaving intensive care' | Spending review: UK economy 'leaving intensive care' |
| (about 2 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 said the government should do more to boost the economy to avoid the need to make cuts. | |
| Mr Balls told BBC One's Andrew Marr Show he was expecting to "inherit a big deficit" after the next general election in 2015. | |
| And he urged the coalition to spend an extra £10bn on infrastructure projects before then, adding: "I fear we could be in for a difficult few years." | |
| 'Rescue to recovery' | 'Rescue to recovery' |
| In his spending review, 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. | |
| "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. | 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. |