Sentences with phrase «of cutting public spending»

Indeed, they were plans that envisaged the Chancellor... standing here in 2014 presenting a spending review that still had years of cutting public spending ahead of it.»

All three main parties are committed to an agenda of cutting public spending and reject the case for increasing public investment.

«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.»

Not exact matches

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.

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.

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.

As Europe's banking crisis deepens, Greece's and Spain's fiscal crisis spreads throughout Europe and the US economy stalls, most discussions of how to stabilize national finances assume that only two options are available: «internal devaluation» — shrinking the economy by cutting public spending; or outright devaluation of the currency (for countries that have not yet joined the euro, such as Eastern Europe).

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.

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.

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.

This particular blowhardism is a combination of positions on entitlement spending, taxation, military engagement, and purely rhetorical spending cutting radicalism that can't withstand contact with the realities of either the federal budget or public opinion.

Results have not gone United's way recently and Mourinho has cut a frustrated figure with public criticisms of not spending enough on transfers among his complaints.

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).

It's possible that the cuts will have taken such a toll on public services by then that we'll be hollering for more spending, but I see no sign of it just yet.

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.

Your doctrine of so - called «expansionary fiscal contraction» — that the faster you cut public spending, the greater the boost to private investment and growth — has been exposed as intellectually bankrupt.

The coalition government is conscious of the fact that such an unpopular tax rise would be highly damaging to public support in an environment where public spending is being drastically cut back.

Of course, it is true that population growth of any kind puts pressure on infrastructure, but in reality falling investment in public services represents a political choice by the current Conservative government, which has opted to spend the tax revenues generated by immigrants and refugees on tax cuts for businesses and reducing the deficit rather than expanding healthcare and education provisioOf course, it is true that population growth of any kind puts pressure on infrastructure, but in reality falling investment in public services represents a political choice by the current Conservative government, which has opted to spend the tax revenues generated by immigrants and refugees on tax cuts for businesses and reducing the deficit rather than expanding healthcare and education provisioof any kind puts pressure on infrastructure, but in reality falling investment in public services represents a political choice by the current Conservative government, which has opted to spend the tax revenues generated by immigrants and refugees on tax cuts for businesses and reducing the deficit rather than expanding healthcare and education provision.

But abolishing the CTF was part of the Lib Dem manifesto in 2005 - and at the time the money was going to go to cutting primary school class sizes, not reducing public spending.

As I have written here before many Conservative MPs and most of the media support public spending cuts in theory and then oppose the precise cuts that follow.

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.

The future strategic tanker aircraft has seen a # 336 million increase in cost because of fuel price inflation, but a failure to take advantage of opportunities to cut the overall bill on the Queen Elizabeth aircraft carrier was criticised by the public spending watchdog.

The communities secretary has suggested that although cutbacks are serious, local authorities will still be able to provide a «reasonable level of services», by cutting wasteful spending and allowing them to come up with more innovative ways of providing public services.

«Public sector spending cuts are now beginning to bite and with the exception of a steady recovery in the private housing market, where starts are forecast to increase by 5 % this year and 11 % next, the private sector is pretty subdued.

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.

This is despite the catch - all language of «cuts» used by political opponents, as well as by governments themselves when it suited to portray themselves as bearing down hard on public spending.

Both Clegg and Alexander will today outline detailed plans for # 16 billion of cuts to public spending and # 8 billion of tax increases if they form part of the next government.

I've just written a piece for Comment is free arguing that in, at least, four areas of public spending the Government has not cut out the fat:

Changes could be on the way for the traveling public both in the air and on the ground if the $ 85 billion worth of spending cuts take effect as planned.

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

Take the issue of public spending cuts to reduce the Budget deficit.

To the extent that conservatives succeed in reducing fiscal woes to a case of runaway spending, politicians find it easier to address budget shortfalls with public sector furlough days, wage freezes, layoffs and benefit cuts than with progressive tax increases that, many economists conclude, would cause the least harm to the recovery.

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».

cut international development spending and Labour activists go completely ballistic cut ID cards and get attacked as soft on terror, having wasted billions and being weak cut public sector jobs and have a winter of discontent pull out of Afghanistan and really annoy the Americans

«I think we should also have been looking far more at progressive taxation rather than the kinds of cuts we're talking about here to public spending.

Critics of the idea have claimed it is a cover for the coalition's spending cuts agenda, by transferring responsibility from the state to unprepared members of the public.

Therefore Conservative efforts to cut public spending would have the effect of reducing tax revenue, without any change to tax rates.

A prolonged period of austerity would be disastrous for many women, having already borne the brunt of the recession and the public spending cuts that followed.

It does sadden me that, excited as he is, under a Conservative government there will be extensive cuts to public spending of the Arts.

The public are remarkably accepting of the need for spending cuts.

George Osborne has defended himself against criticism of his spending cuts by insisting he will be just as affected as a normal member of the public.

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.

He also partially distanced himself from the policy of Alistair Darling, the previous Labour Chancellor, to make public spending cuts sufficient to halve the government deficit in four years, by calling it a starting point.