Sentences with phrase «big spending cuts»

Local authorities have been forced to face the biggest spending cuts by central government, with 26 % of their budget slashed.

The IFS said that the Conservative plans to get rid of «the bulk» of the deficit over the course of the next parliament will involve the biggest spending cuts since the second world war, while Labour and Lib Dem plans will result in deeper cuts that at any time since the 1970s.

George Osborne is mounting a defence of his «decisive plan», a day after outlining the biggest spending cuts in Britain since 1976.

And the think tank said footing the bill will almost inevitably mean higher taxes or bigger spending cuts across Whitehall.

Not exact matches

MONTREAL — Watching television on the Internet is cheap and convenient, but so far only a small number of Canadians have cut the cord on traditional viewing as TV providers offer discount prices and spend more on programs to keep customers who pay bigger monthly bills.

Poloz indicated in his statement that the prospect of a big spending push by the federal government caused the committee to move away from its intention to cut interest rates.

The lack of VR media for headsets like the Facebook (fb) Oculus Rift, HTC Vive, and Sony's yet - to - be release headset makes it less compelling for consumers to want to spend big bucks on cutting - edge gadgetry.

According to the study, millennial parents are most likely to report having made sacrifices to increase their savings, including cutting back in big spending areas such as dining out, vacations, and entertainment.

Furthermore, Boris Schlossberg, managing director at BK Asset Management, said Tuesday on «Trading Nation» that while neither stock is a buy right now, «the bullish case for both is if you're truly a big believer in a massive bull move this year in the market, and that the tax cut is going to increase spending on travel.»

The deal, which is still making its way through Congress after an eleventh hour push from party bigs, has three main components: It immediately raises the debt ceiling, includes around $ 2.1 trillion in spending cuts over the next 10 years, and creates a special Congressional committee to come up with long term deficit - reduction suggestions by this Thanksgiving.

As part of that bigger deal, he said, Republicans would be open to additional revenue, so long as it was paired with deep spending cuts and didn't come from higher tax rates.

That's a bigger impact than most economists expect given the skewed nature of the tax cuts toward wealthier people, who are more likely to save than spend.

Some said it would be from tax cuts (unlikely to pass this year), others said it would be from infrastructure spending (also unlikely), and then there were those like Buiter who saw a trade war as the biggest threat.

Consumer and business sentiment about the economy has risen sharply based on the notion the incoming administration of Republican President - elect Donald Trump and a Republican - controlled Congress would enact big tax cuts and infrastructure spending and loosen regulations, which would boost spending and investments.

As talk about the economy has largely focused on tax cuts, the U.S. budget deficit and the potential for trade tariffs, one of the biggest things investors and the general public seem to be missing is the increased spending soon to be pumped into the U.S. economy by the government.

O'Neil said he's skeptical about the assumptions that a Trump agenda of increased government spending and tax cuts will be fully enacted and lead to faster growth, higher inflation and bigger budget deficits.

Kevin Page, the parliamentary budget officer, recently estimated that an aging population — which means a smaller tax haul and bigger health and other outlays — will leave Ottawa and the provinces with a $ 46 - billion - a-year fiscal gap to fix by cutting spending or hiking taxes.

Fed officials agreed that the tax cuts and spending bill are likely to boost economic growth but it «s unusual for the economy to receive such a big fiscal stimulus at a time when it «s already operating either at or near its potential.

Meanwhile, bond king Bill Gross found silliness on the trading floor, Larry Summers did not become the next Federal Reserve chairman, and U.K. Prime Minister David Cameron called for spending cuts in a gold - laden throne room — making a bigger fool of himself than millions of tweeters ever could.

The trend away from energy scarcity and toward energy abundance creates big losers as well as winners and is only a net positive for global demand if the winners» boost in consumption offsets the losers» cut in consumption and capital spending.

And other big potential Republican priorities for 2018 — including potential bills to boost infrastructure spending and cut back on entitlement programs — are now in limbo as every last vote comes under the election - year spotlight.

The government is under pressure to cut record debt and deficit inherited by a big - spending Barnett government.

The move is a big gamble on the part of Governor Stephen Poloz, who hopes the rate cut will both spur companies to spend and help fend off low inflation, but the risk is that Canada's already over-indebted households will put themselves in even more danger by taking on excessive leverage.

For 28 - year - old JP Livingston, the key to retiring with $ 2 million in the bank was cutting back spending on the biggest slice of that pie: housing.

He said the dollar faces a further slide if any Fed tightening is offset by a wider US deficit on the back of Donald Trump's big spending plans and tax cuts.

In the meantime, markets will be watching closely to see whether big tax cuts and a blockbuster $ 1.3 trillion spending bill will add more to the real economy.

My biggest regret is that my crazy schedule, the one Richard chided me about, cut the opportunities to see him and to spend time with him over the past few years.

1) Abandon the Norquist Pledge 2) State a commitment to work towards bi-partisan debt reduction, which will include a mix of taxes and spending cuts 3) Realize the populace is evolving away from religion - based politics and that it is time to formulate policy under a much bigger tent

Taken in outline, the spending cuts and entitlement reforms he talks about are probably big enough to avoid....

Giving to charities is certainly a laudable notion, but the idea that you can cut taxes, reduce gov» t spending, and expect charitable donations to make up for it is taking a big risk with people's well - being who really need gov» t assistance.

The Australian Industry Group accepts the federal government won't deliver a «Twenty20 Big Bash» budget but is urging prudent spending cuts to deliver a handful of key priorities across infrastructure, STEM training and a company tax cut.

The nation's biggest dairy exporter on Friday unveiled plans to invest $ 74 million in a cheese cut and wrap facility at Cobram in Victoria, while $ 38 million will be spent increasing production capacity for nutritionals such as infant formula, and $ 14 million is earmarked to install and commission a flexible small cup and bottle filling line at Edith Creek in Tasmania.

Estela is where you go for some of the most delicious cutting - edge food in town, served with wines that will satisfy quirky naturalists and big - spending bankers alike (which pretty much sums up the crowd in its mix of downtowners and the downtown - curious).

His assessment of QPR's big spending and subsequent relegations were just as cutting.

EDITOR»S PICK: Anzhi Makhachkala: Why are big - spending Russians cutting back?

The big banks, having caused the crisis in the first place and led governments to borrow vast sums to come to their aid, have successfully redefined the resulting fiscal deficits as entailing cuts to public spending and social protection.

They changed their mind because they concluded that the impact of tax rises and spending cuts on economic growth — the fabled «fiscal multipliers» — has turned out to be a much bigger drag on growth than they, the Government or the OBR originally thought.

Where the big society is seen by many as a cover for spending cuts, some of the provisions of the Localism Bill aim to make local authorities more accountable for the way public money is spent.

David Cameron's promise of a «big society» looked increasingly tenuous today after an anti-cuts group highlighted the effect of local spending cuts on charities.

Big firms are able to afford expensive advisors, consultants and lawyers, while HMRC has few staff members with deep knowledge of tax affairs and stands to lose employees and funding as spending cuts bite in the new year.

The richest and poorest in society are set to pay the biggest price of George Osborne's latest tax rises and spending cuts.

For a start, the next Labour leader will have only 13 days to agree a policy on spending cuts: the new shadow cabinet won't be announced until 7 October, while the forthcoming Comprehensive Spending Review, which will reveal the biggest cuts to public expenditure since the 1930s, is scheduled for 20 spending cuts: the new shadow cabinet won't be announced until 7 October, while the forthcoming Comprehensive Spending Review, which will reveal the biggest cuts to public expenditure since the 1930s, is scheduled for 20 Spending Review, which will reveal the biggest cuts to public expenditure since the 1930s, is scheduled for 20 October.

'' «I think we have made the biggest cuts in public spending that any democratically elected government has tried to do in modern times,» said Mr Clarke.

Making cuts of the scale needed in any of the other big spending departments will be equally difficult.

«We're not afraid; we have a big pair of balls,» said a Paterson administration source, vowing to keep upping the ante on the Legislature by putting spending cuts into budget extenders.

Schools and colleges are experiencing major real terms cuts, with the biggest cut in education spending since the 1950s.

Further complicating Cuomo's task, 52 percent of voters want Cuomo to balance the budget without cuts to health care and education — the two biggest spending areas, which the governor - elect has been quite clear will likely suffer next year.

Rep. Anthony Weiner yesterday blasted House Republicans for pushing a package of $ 100 billion in immediate spending cuts he complained would «cut the Big Apple to the core.»

The education cuts, the biggest in at least half a century, will reverse the increase in education spending as a proportion of national income that happened under Labour.

MO MONEY MO PROBLEMS — Johnson proposes cutting Council initiatives in search for Fair Fares cash — POLITICO's Gloria Pazmino and Brendan Cheney: Speaker Corey Johnson is floating a proposal to defund some Council spending initiatives as a way to pay for the Fair Fares plan, the Council's biggest budget request — and one that Mayor Bill de Blasio has said he has no intention of funding.