Prime Minister David Cameron will today set out plans for public spending cuts that will change Britain’s ‘whole way of life’.
In a major speech on the economy, the Prime Minister will warn the impact of the Government’s plans for reducing the deficit will be ‘enormous’ and even more ‘critical’ than he initially feared.
Cameron will say:
“How we deal with these things will affect our economy, our society – indeed our whole way of life. The decisions we make will affect every single person in our country. And the effects of those decisions will stay with us for years, perhaps decades to come.”
This will be followed by announcements from Chancellor George Osborne and his Lib Dem deputy, Danny Alexander, setting out plans for an autumn spending review that will introduce department-by-department cost savings. The review is expected to follow the Canadian model whereby members of the cabinet will be forced to justify their budgets in front of a group of ministerial and civil service heavyweights.
Deputy PM Nick Clegg told the Observer that there must be no repeat of the “harshness” of the retrenchment of the 1980s.
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