Osbourne announces Government Spending Cuts

George Osborne has started to look for savings in Government spending by asking Whitehall departments to implement spending, ordering them to make an immediate start on finding the £13bn of cuts needed in an attempt to further find money in his deficit reduction plan.

The chancellor announced at an event told the CBI that he intended to make savings from all government spending, other than finance already earmarked in areas of health, schools and overseas aid in his summer budget on 8 July.

“When it comes to saving money, we all know that the more you can do early, the smoother the ride”” – George Osborne

Mr. Osborne is hoping to put into place his tough measures as quickly as possible and has given Greg Hands the job of asking Government Departments new chief secretary to the Treasury ways of reducing plans the 2015-16 plans to fast-track the three-year budget of existing cuts.

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