Darling warningon spending cuts
Chancellor Alistair Darling promised a round of "tough, difficult and non-negotiable" spending cuts yesterday to slash the UK's ballooning deficit.
In an interview with the Financial Times, he said measures to halve the UK’s public borrowing over four years were “essential” and would result in the toughest spending settlement for 20 years.
Mr Darling said: “If we’re going to get long-term growth, you’ve got to get borrowing down. But you’ve got to do that in a sensible sort of way.
“And people shouldn’t underestimate the fact that if you are going to take spending down to that level, it will be tough. And it’ll be difficult.”