Jeremy Hunt wants to create a new austerity age with town halls facing cash, police, and transport starvation.
Jeremy Hunt wants to reduce the spending to 1 per cent from the current 3.7 per cent. He wants savings amounting to £54bn in the Autumn Statement next week, and these cuts could provide him with half of that, delaying it after the 2024 elections.
What will be the result?
Resolution Foundation’s Kishan Shah warned that this would result in cutting down services like transport and policing, which are facing a severe strain already.
Rishi Sunak and Jeremy Hunt will meet today to finalize tax rises and spending cuts. Reports suggest that three-fourths of councils in counties will cut bus subsidies (mostly the ones that run on less popular routes). Additionally, two-thirds will probably turn off their street lights during the night.
FAQs
Q1. What changes are Sunak and Hunt proposing?
A1. Reports suggest that three-fourths of councils in counties will cut bus subsidies (mostly the ones that run on less popular routes). Additionally, two-thirds will probably turn off their street lights during the night.
Q2. What percentage of public sending will be cut down?
A2. Jeremy Hunt, the Chancellor, and the Prime Minister, Rishi Sunak, want to cut down public spending from 3.7 per cent to just 1 per cent.
Disclaimer Statement: This content is authored by an external agency. The views expressed here are that of the respective authors/ entities and do not represent the views of Economic Times (ET). ET does not guarantee, vouch for or endorse any of its contents nor is responsible for them in any manner whatsoever. Please take all steps necessary to ascertain that any information and content provided is correct, updated, and verified. ET hereby disclaims any and all warranties, express or implied, relating to the report and any content therein.
For all the latest world News Click Here
