Austerity to continue for many public services as Budget makes further £4bn of cuts
4 years ago

Austerity to continue for many public services as Budget makes further £4bn of cuts

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Austerity will continue for many public services after the Budget slashed a further £4bn a year from departmental spending, the Treasury watchdog says. Meanwhile, 100,000 “excess pensioner-age deaths” from Covid-19 will save nearly £1bn next year, by cutting state pension payments while boosting inheritance tax receipts, the Office for Budget Responsibility said. Rishi Sunak had already pencilled in around £11bn of annual departmental cuts – despite pledging a “recovery” package – with a further £4bn now announced in Wednesday’s Budget. “Taking all these factors into account, we now expect the temporary near-term disruption to EU-UK goods trade to reduce GDP by 0.5 per cent in the first quarter of this year,” the document said.

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