Sentences with phrase «cuts in public spending»

The housing bust, the overhang of household debt and ill - timed cuts in public spending have created a situation in which nobody wants to spend; and because your spending is my income and my spending is your income, this leads to a depressed economy over all.

Continued cuts in public spending and its consequences mean it's sensible for everyone to take a moment to think how they'd be affected, and put a contingency plan in place if possible.

Shortly before being moved in last month's ministerial reshuffle, Edward Leigh, the technology minister, told journalists that the move to close Warren Spring was prompted by the need to make cuts in public spending.

The strike began as a protest against proposed massive cuts in public spending, including higher education.

Are they a left - wing party committed to taxing the rich and protecting public services or are they the party of «savage» cuts in public spending?

Vince Cable warned before the election that «the danger of drastic cuts in public spending right now is that it would make the recession worse and it would make the deficit worse» — but he signed up to them.

«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.

The coalition government was right to announce cuts in public spending in 2010 to show the financial markets and the public that the government was serious about cutting the deficit.

Across - the - board cuts in public spending are going to be necessary to save the UK's public finances - something which the public understands.

The latest ConHome survey of Tory members shows that a whopping 94 % believe that «significant cuts in public spending are going to be necessary to restore order to the public finances.»

But it is increasingly clear that these traditions are being abandoned by Clegg as he goes along with damaging cuts in public spending undermining economic growth, tax rises hitting the poorest hardest, and a clear threat to the universal welfare state.

This might be the most progressive, most sustainable and cheapest option in the long run, but it would also expose universities to the short - term risks of cuts in public spending.

The Emergency Budget tomorrow has the task of finding huge cuts in public spending.

Some Cabinet ministers fear that Mr Brown is locked into pursuing a «core vote» strategy appealing to Labour's traditional voters in the north and the Midlands, and risks alienating southern middle - class voters who may be more supportive of cuts in public spending.

She added: «With serious cuts in public spending now agreed, it is imperative that the rail industry become more efficient - or the passenger will pay.»

Across Whitehall, meanwhile, departments have been preparing files of projected cuts in public spending.

Meanwhile, the BBC reported that a poll for Newsnight suggested more people believed David Cameron would make the right cuts in public spending than Brown.

Liberal Democrat insiders point to the fact that Kennedy and his supporters emerged from the SDP, the old Social Democratic breakaway party, but that in seeking to «break the mould» of British politics and merging with the Liberal to become the Liberal Democrats in the 1980s, never in their wildest dreams expected to end up supporting a minority Conservative Government intent on the most swingeing cuts in public spending since the Second World War.

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.

The forthcoming election is being fought with all three main parties committed to unprecedented cuts in public spending.

Drastic cuts in public spending have not opened space into which private sector investment and jobs were supposed to grow.

'' «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.

Just the latest example was the pre-Budget briefing of the # 15bn cuts in public spending to the Times and the Sun, which then gleefully declared that «thousands of state jobs will go».

In the first of these Budgets the main method was cuts in public spending.

Howe argued that only further aggressive cuts in public spending could revive the economy.

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.

Despite our tough plans for cuts in public spending, we have stuck to the previous Government's commitments on capital investment, apart from some small savings made in May.

A modelling exercise for the Resolution Foundation by the Institute for Employment Research and the Institute for Fiscal Studies finds that on the basis of annual average UK growth of 2.5 per cent from 2015 - 2020 — an optimistic scenario — and no further cuts in public spending, living standards will fall for low and middle income households by between 3 and 15 per cent (Brewer et al., 2012).

Labour was no friend of legal aid — on the Today programme during the election campaign the only cut in public spending Ed Miliband could identify as one which Labour would make and the public would notice was legal aid.

Not exact matches

The party plans to find $ 1.3 billion in government spending cuts (just like the Liberals, but in a shorter time frame), which would be achieved partially through a hiring freeze in the public sector.

As would other key players, including former TD Bank chief economist Don Drummond (author of a detailed report outlining cost - cutting opportunities in Ontario) and former parliamentary budget officer Kevin Page, who has spent decades uncovering wasteful spending in the public service.

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.

To try and secure the deal, the government announced an austerity plan to raise taxes and slash US$ 20 billion in public spending — including cuts to social welfare and public jobs, and a lowering of the minimum wage.

Publicly traded oil companies have lost billions in market value, and both public and private firms are moving aggressively to cut capital spending budgets for 2015 — laying off thousands of workers and shutting down hundreds of rigs.

Attempts by Monti's government to cut spending caused widespread public anger, boosting the support of populist parties in the election.

Monetarists recognized that in order to reduce taxes (without increasing the public debt), it was necessary to cut back public spending proportionally.

Under the Canada Economic Action Plan the deficit will be eliminated by 2015 - 16; although total net public debt will have increased by $ 150 billion, the debt ratio will have declined to 33.0 per cent in 2015 - 16 and reach the government's target of 25 percent by 2019 - 20; program spending will fall to below 13 percent of GDP and will continue to fall thereafter; public sector jobs have been eliminated; and income and corporate taxes have been cut.

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.

It also must commit to cutting back pensions and public spending by enough to step up its NATO spending to finance the bombing and destabilization of Syria and the Near East, and over and above this, to accept the cost of supporting all the refugees caused by US policy and its foreign legion in the form of ISIS, Al quaeda and Al Nusra.

The Spanish government outlined an austere 2014 budget that includes further cuts in spending by its ministries and a salary freeze for public employees despite the country's emergence from recession.

In recognizing the catalysts behind the public's persistence to save and reluctance to spend, additional analysis by policymakers should focus on the efficacy of further rate cuts on spending and investment, as well as potential «roundabout» benefits of a more normal rates regime to affirm support toward the public's saving objectives, with the end goal of boosting public's risk sentiment and perceptions of future economic stability.

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.»

Cutting government services — either temporarily in a shutdown, or permanently through spending reductions — can disrupt a broad range of commerce and hit American workers and businesses tied to the public sector.

By focusing the attention of faculty members now accustomed to routine spending increases, cuts in funding may have the unintended effect of improving the situation of teaching and learning about which a concerned public is justifiably upset.

Chicago Public Schools has increased property taxes the past two years, a move Emanuel has justified in part by talking about cost - cutting initiatives at the central office and the need to emphasize greater spending on the city's children.

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.

Ninety four per cent of public spending cuts are yet to hit the UK, and the public sector is due to come under more pressure in the next few years.

Labour lost the election, and power passed to the strongly Thatcherite administration led by Sir Horace Cutler who in turn moved to cut public spending and encourage those living in council houses to buy their own homes.

«envisaged the Chancellor of the Exchequer standing here in 2014 and presenting a spending review that still had years of cutting public spending ahead of it.»