Sentences with phrase «cut public spending after»

Not exact matches

The deal will boost Aramco's downstream business ahead of a planned initial public offering next year and also bolsters Malaysia's state - controlled Petroliam Nasional Bhd - known as Petronas - after it cut spending because of the slump in oil prices.

In those more recent fiscal squeezes, year - to - year cuts in public spending have been notably less deep than those imposed after both world wars or the «Geddes Axe» cuts initiated by the Conservative - Liberal coalition of the early 1920s.

Speaking on the Today programme after the letter emerged, Osborne defended his warning of spending cuts and tax rises, saying Brexit would bring with it «chaos» in the UK's public finances.

When the Labour governments elected in those years squandered their political support by wave after wave of pay restraint and finally IMF - inspired cuts in public spending, Margaret Thatcher came to power in 1979 and made a last ditch attempt to stem the Tory decline.

In 2001 when a shadow Treasury minister he had to go into hiding during that year's election campaign after claiming the Tories wanted to cut public spending by # 20 billion rather than the # 8 billion they had publicly stated.

One point eight million television views tune in to watch the three men vying to be chancellor after the next election clash over the public deficit, taxation policy and spending cuts.

It was a vision far removed from the massive cuts Osborne once proposed for after the election, all of which were due to take place without any tax rises to offset the impact on public spending.

10:45 - Poll after poll shows the public accept both ideas: that the deficit must be reduced, which will mean cuts to public services, but also that no confidence means no spending, no spending means lay offs, and lay offs mean a higher unemployment benefit bill, among other things.

This, The Sunday Times tells us, «is higher than the 49.7 % peak reached when Denis Healey had to turn to the IMF for help in 1976, and underlines the scale of the crisis in the public finances and the even deeper cuts in spending that will be needed after the election.»

The election in 2015 is shaping up to be a desperate scramble for cash to fund public spending after the Institute for Fiscal Studies warned that the next government would need to impose large tax rises or even bigger welfare cuts to protect health and education spending.

It comes a day after Chancellor George Osborne set out what he described as «tough but fair» cuts to public spending in the coalition's emergency budget.

It's almost incredible that after public spending and benefit cuts of # 109bn went through with scarcely a murmur of rebellion, the reform of the Lords now look set to be the issue that splits the Coalition in two.

The first reason is that, almost three years after Gordon Brown left Downing Street, more people still blame Labour rather than the Conservatives for the state of the economy and the public spending cuts that Osborne has imposed.

The former chancellor said that the government had protected too many areas of public spending after the new work and pensions secretary, Stephen Crabb, appeared to indicate that ministers would rule out cuts to the welfare budget for the rest of the parliament.

After the financial crisis, Labour - led councils avidly implemented the mandated public - spending cuts, closing care homes, squeezing wages and sacking workers.

This year's focus on public schools, which includes $ 649 million in new per - pupil funding, comes after three budgets that cut or froze public school spending, and expanded the number of families who could enroll children in private schools through taxpayer - funded vouchers.

The most significant change in the state over his tenure, he said, is the level of public support for schools after years of state funding cuts, which can be seen in the record amounts of spending through school referendums.