Sentences with phrase «fiscal squeeze follows»

If the future of fiscal squeeze follows the pattern of the past, we can expect future squeezes to continue to bite harder on the spending than on the revenue element, to be orchestrated and planned within the central administrative apparatus rather than by outside commissions, and for the pain to be spread over longer periods with lower annual falls, rather than in sudden steep cuts.

Not exact matches

For example, the fiscal squeeze that began with the «Geddes Axe» under the UK's last Liberal - Conservative coalition in 1921 - 2 (and implemented in the following three years under three different governments) was also based on spending cuts alone, and went far deeper even than the plans announced by George Osborne.