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More cuts or tax rises needed after 2015, thinktank warns (Guardian)

    The Guardian's economics blog cites the CPS's response to the Autumn Statement in its latest growth bulletin.


    To read the full article, please visit the Guardian website.

    "The rightwing thinktank the Centre for Policy Studies said Osborne had failed to match the radicalism of Margaret Thatcher. It argued for a shorter, sharper shock to the public finances, with steeper cuts to welfare payments and a tougher stance on workless households.

    "It is fanciful to believe this can be achieved merely by savings in administration, or freezing certain departmental spending limits while ring-fencing vast swaths of the public sector. What is needed is a fundamental re-examination of the scope of government and of the eligibility for government transfers," it said."

    The CPS's latest growth bulletin, 'More Barber than Howe', was released yesterday.

    Date added: Friday 7th December 2012