George Osborne, apparently cornered by the state of the public finances and in trouble over his planned cuts in tax credits, was able to spring a surprise in his Spending Review and Autumn Statement. The chancellor’s new look plans involve gentler cuts in public spending, as well as higher taxes. He has shifted his approach since the election.
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George Osborne, apparently cornered by the state of the public finances and in trouble over his planned cuts in tax credits, was able to spring a surprise in his Spending Review and Autumn Statement. The chancellor’s new look plans involve gentler cuts in public spending, as well as higher taxes. He has shifted his approach since the election.
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