Sentences with phrase «cut public spending saying»

Not exact matches

The Bank of Canada said nothing in public about the possible merits of deficit spending as it twice cut its benchmark interest rate last year to offset the collapse of oil prices.

The government, it said, remained on course for a # 10 billion surplus in 2019 - 20, but only by delaying capital investment, promising further cuts in spending on public services, and bringing forward a one - off boost to corporation tax receipts into 2019 - 20.

J.P. Morgan agrees, saying that together with the RRR cuts, «the seeming start of a new cycle of public spending and consumer stimulus should help to boost loan demand in the economy.»

Seemingly without irony, Clegg told the conference floor: «To those who ask, incredulously, what we — the Liberal Democrats — are doing cutting public spending, I simply say this: Who suffers most when governments go bust?

'' «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.

Here, the public essentially said the following: (a) the cuts were necessary; (b) the cuts were good for the economy; (c) the cuts were being done unfairly (with many agreeing they were being done too quickly); (d) Labour's high - spending was largely to blame; and (e) they would sooner have David Cameron and George Osborne in charge than their Labour equivalents.

On 13 March, the Liberal Democrats said they would not support any plan to cut public spending too early in the next Parliament.

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.

Talking to Radio 4's Desert Island Discs, deputy prime minister Nick Clegg said he had searched his conscience to justify the cuts to public spending the review entails.

Spending cuts will continue for many more years to come David Cameron said today as he warned that public debt risks pushing Britain «over the brink».

The IFS says the fact that all three parties have ringfenced certain public services from cuts, notably the NHS, will pile the pressure for savings onto other areas of government spending.

But on the Tory commitment to cut public spending immediately, he said: «You've got to ask yourself, would either of the other parties be prepared to do that?»

The coalition says it is still committed to cutting back on public spending.

The Buffalo Public School District has a new school budget with more spending and staff cuts as individual schools get a say on spending in their buildings.

Appearing on radio 4's Desert Island Discs, the deputy prime minister said he had struggled with his conscience over cuts to public spending.

Then there's a build - up to something on tax cuts, but he again says «responsibility» is needed to ensure public spending can not change immediately.

A source close to the mayor said: «It is impossible to justify spending hundreds of thousands of pounds of taxpayers money on pensions at a time of severe public sector cuts and wage freezes.

Bloomberg will likely issue a plea for lawmakers to restore some of NYC's $ 300 million in aid to localities Gov. Andrew Cuomo axed in his 2011 - 2012 spending plan and also ask for the repeal of «last in, first out» rule when it comes to laying off public school teachers, which he says the governor's cuts will force him to do if they're allowed to stand.

Clegg tried to show a bit of Thatcherite ankle before his spring conference last weekend, praising the Great She - Elephant's victory over the trade unions as «immensely significant» and saying that the public finances should be repaired by spending cuts rather than tax rises.

Mr Powell, who was chief - of - staff to Tony Blair, throughout his 10 years in Downing Street, explains that in the final year of the Blair government they tried to conduct a Fundamental Savings Review (FSR), to cut out some of the extra waste which he says had «inevitably built up in the years of increased public spending».

In a sign of the depth of preparation by the party leadership, senior Conservatives said Cameron believes that he must spell out the depth of crisis in Britain's public finances by November and the scale of the spending cuts that will have to be introduced next year.

Conceding once again that public spending would have to be reined in, Brown said the government would raise tax «at the very top, cut costs... and make savings where we know we can» to protect frontline services.

Walsh, in the budget proposal, said the city could cut spending in areas such as social security, medical insurance, parks conservancy, the department of public works and city employee, police and fire retirement systems.

«I think risking the recovery with immediate public spending cuts and a raise in VAT is economically misguided,» he says, summing up his argument.

Addressing the Greater London Association of Trades Councils at Congress House, general secretary Brendan Barber said trade unionists had to unite to fight public spending cuts.

The No - Turning Back Group will call for tax cuts: «David Ruffley, a leading member of the group, said: «Some of us would like him to cut public spending even more in order to fund tax cuts to inject a fiscal stimulus int o the UK economy at the Budget.»»

The VAT increase will be taking effect, and the construction sector will start to feel the pain of public spending cuts,» he said.

ALBANY, N.Y. (CBSNewYork / AP)-- New York Assembly Speaker Sheldon Silver said public support for a «millionaire tax» to avoid more spending cuts is growing and he thinks Gov. Andrew Cuomo and the Senate's Republican majority may yet support it.

Mr Cable conceded that deep cuts to public spending were «bound to hurt», saying «strong disinfectant stings».

Chancellor Osborne says it is the only road to recovery - but the coalition wants to shave # 66bn off public spending with a raft of measures from spending cuts to a hike in VAT.

In his budget last month, Chancellor George Osborne said departments would face average cuts of 25 % when the government's public spending review is completed in October - potentially bigger than anything attempted by a previous UK government.

Turning to the economy, he says: «I don't think anyone in this room came into politics with their number one aim to cut public spending.»

«I believed that if we made a principled case for ruling out a VAT rise, as well as against premature cuts in public spending, it would change the course of the election,» said Mr Balls.

Blame William Hague for his spineless comments when British jobs were on the line at the Total oil refinery, blame David Cameron for not saying he'd abandon the Lisbon Treaty, and blame George Osborne for talking about public spending cuts at a time when only public sector workers are working.

The Chancellor had unveiled plans to hike and taxes and make swinging public spending cuts to fill a # 30billion «black hole» he said would open up if we voted for Brexit.

The prime minister promised the public they would have more money in their pockets within «just a few years» if they toughed out the forthcoming spending cuts, saying there was «no other responsible way» to deal with the budget deficit.

The prime minister made no mention of chancellor George Osborne's pledge on Monday to freeze working age benefits for two years, but said the plan to eradicate the deficit by 2017 - 18 through a further # 25bn of public spending cuts was doable, adding it represents only 3 % of government annual spend.

He said the Tories» previous pledge to offer a combination of lower taxes and lower public - spending cuts had been overtaken by the recession.

The governor says the money is needed to pay for a middle class tax cut, agreed to last year and which is scheduled to begin phasing in later this year, as well as a plan to provide free tuition at public colleges for New Yorkers earning less than $ 125,000 a year and to spend more on public schools.

Ex-chancellor wades into row over cuts to disability benefits, saying too many areas of public spending have been ringfenced

And Alan Johnson said Labour and the Lib Dems had both opposed Tory plans to push through major public spending cuts this year.

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.

In a highly political speech lasting just over an hour, the chancellor said the # 83bn public spending cuts over the next four years in the government's most severe financial retrenchment in decades were based on reform, fairness and growth.

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«We became interested in studying the effects of economic downturns on public spending during the Great Recession of the late 2000s, when media outlets were filled with stories about states cutting optional Medicaid benefits, increasing school class sizes and reducing course offerings,» said Ho, who is also a professor of economics at Rice and a professor of medicine at Baylor College of Medicine.

Privately, the OST says the wording signifies that funding for the research councils will be «protected» from this year's round of public spending cuts.

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.

When it comes to traditional public schools, more than three out of every four parents surveyed said they were opposed to reducing compensation for teachers or cutting resources for the classroom while increasing spending on charter schools.

North Carolina public school leaders say a legislative mandate to decrease class sizes in the early grades may have a devastating impact on school systems across the state, forcing districts to spend millions more hiring teachers or cut scores of positions for those teaching «specialty» subjects such as arts, music and physical education.

The Congressional Budget Office said in a report last year that cutting off Planned Parenthood from federal money would increase public spending by an estimated $ 130 million over 10 years.