Sentences with phrase «restraint in public spending»

Not exact matches

On Monday former chancellor Norman Lamont defended Hammond's stance, saying on BBC Radio 4's Today programme that «it is unavoidable that we have restraint on public spending,» adding: «it is not right for cabinet ministers to gang up on the chancellor in this way.

Geoffrey Howe's 1981 Budget is oft - sighted as the acme of fiscal prudence and austerity, which was punitive and unpopular in 1981, but for Thatcherites it ensconced a taxation system and a restraint on public spending that ushered in the «age of prosperity» in the mid-to-late 1980s.

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.

Given that the entire public sector is facing sharp restraint in spending, the appetite among MPs for increasing state funding of political parties will not be high.