Thursday, 4 December 2014

03/12/14 - NDM Story #20

Osborne: Autumn Statement cuts warnings 'hyperbolic'
Ed Balls and George Osborne
Mr Osborne is is a British Conservative Party politician. He had told BBC Radio 4's Today programme: "I would have thought the BBC had learnt from the last four years that its totally hyperbolic coverage of spending cuts has not been matched by what's actually happened in our country." Labour has commented on the the government's deficit reduction targets were "all in tatters".

Borrowing forecast chart
This image above shows the borrowing forecast - and clearly the figures predicted are too low, in order for the goverment to potentially look good and if expenditures are decreasing? However, these aren't realistic, thus have been challenged by other elite politicians. 
  • the chancellor's statement, said public spending would fall from £5,650 per head in 2009-10 to £3,880 in 2019-20.


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