Government Spending Review announced today, Just what does it mean to you

Profile image for steve_truckle

By steve_truckle | Wednesday, October 20, 2010, 22:32

Well today will no doubt be a day that will go down in history as millions of people prepared for the feared Government Spending Review to be announced.

Chancellor George Osborne today announced a Spending Review that will cover the next four years.

Chancellor George Osborne said: "Today is the day that Britain steps back from the brink when we confront the bills from a decade of debt. It is a hard road but it will lead to a better future. We are going to ensure every household in the country that what we buy we can afford. Tackling this budget deficit is unavoidable. The decisions we make about how to do it are not."

"We must leave no stone unturned. We are all in this together and we must all make a contribution. Fairness means that those with the broadest shoulders should face the greatest burden."

However most of the people I spoke to shortly after the Spending Review was announced felt that the Government’s decision to tackle the deficit at the pace it plans to would jepodise the recovery process and cause further debt.

Local Builder Mark Coggs said “by getting rid of all these public sector jobs and making all the cuts in spending will result in hundreds of thousands more people unemployed! Surely we should be trying to create jobs in order to get people of welfare NOT putting them on it”

Another local resident who did not wish to be named said “some parts of Thornbury are suffering from an increase in crime yet by cutting Police funding by 4% year on year it will only cause an increase in crime!” he continued by adding “people voted for Lib Dems because they could not trust Labour to do the job on its own but Lib Dems just betrayed the trust of all the voters”.

Key announcements made during today’s speech include

• 490,000 public sector jobs set to go

• A total cut of £81bn in spending

• Average 19% departmental budget cuts

• Structural deficit to be eliminated by 2015

• £7bn in additional welfare budget cuts

• Police funding cut by 4% a year

• Retirement age to rise from 65 to 66 by 2020

• NHS budget in England to rise every year until 2015

• Bank levy to be made permanent

It is without question the spending cuts announced today will hit everyone but just how much remains to be seen, what do you think about the cuts announced today? How hard do you think you will be hit. Let us know.

      

Comments

       
  • Profile image for louiseann1981

    i read in the gazette that the eastland park plans are still going ahead is that corerect? i thought they would not continue with the plans when the cuts came in.

    By louiseann1981 at 15:06 on 31/10/10

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  • Profile image for Bland_Media

    Whilst there is a budget deficit, because of past borrowing, the real query is over the time period in which the publc debt is repaid. The time frame, that the government are talking about, is much shorter than the period in which your daughter will pass from nine-year old to full-time worker.

    By Bland_Media at 23:24 on 25/10/10

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  • Profile image for Philip_Ruse

    It's either "jam today, bread and water for the kids tomorrow" or we deal with our problems now.

    Because if we don't cut the deficit (and do it now) - which *is* going to involve a lot of pain - the result is that when my nine year old is at a working age, instead of her taxes being used to provide for decent public services they'll be paying off billions of pounds of interest on the debt that we built up over the last ten years.

    By Philip_Ruse at 11:21 on 22/10/10

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  • Profile image for louiseann1981

    i could not have put it any better! bring back Labour QUICKLY!

    By louiseann1981 at 07:46 on 21/10/10

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  • Profile image for bonsaicrazy

    I really do worry for our kids. I really dont know what it is going to come to but certainly it is the working class people that are going to be affected most...as usual!! The fat cats wont notice the changes...they can still afford their Nannys to look after their children, dont have to worry about putting petrol in their expensive cars etc.etc.etc. It is the working class..the people who keep the cogs turning rather than the pens pushing that will suffer, as they always have under a Conservative Government.

    By bonsaicrazy at 23:49 on 20/10/10

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