Sentences with phrase «public spending cuts in»

He had the determination to push through undoubtedly necessary public spending cuts in the face of opposition from within his own party (and, indeed, our own).

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.

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.

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).

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.

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.»

The need to cut public spending in order to help address ballooning national debt is now well - established.

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 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.

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.

«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 1920In 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 1920in 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.

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.

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

They will be duty bound to push for their manifesto commitments and although the Liberal Democrats argue that they would help reign in Labour profligacy, it is hard to imagine they would force a second election because public spending cuts are not deep enough.

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

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».

'' «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.

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

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.

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.

As Kelly's proposals involve an additional # 23m of public funds, they are unlikely to be implemented in the current climate of spending cuts.

This is about the richest Tory front bench in living memory pledging to introduce an «age of austerity» — involving public spending cuts and pay freezes — from which their own estates will be conveniently exempt.

In the beginning, the concern with national public spending, led to severe budget cuts in 2011 and 201In the beginning, the concern with national public spending, led to severe budget cuts in 2011 and 201in 2011 and 2012.

The banker bashing will be a crowd - pleaser, and holding back information of the truly eyewatering spending cuts down the line will help the government cast the Tories as wild - eyed slashers of public spending: Freddy Kruegers in Eton tails.

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