'More painful cuts' in deficit plan

George Osborne
George Osborne

Chancellor George Osborne will have to fill a £48 billion black hole in the public finances if he is to get his deficit-busting plans back on track, a report has warned.


Some Government departments face cuts between now and 2018 on a scale similar to those in the spending review of October 2010, according to the Social Market Foundation (SMF) and the Royal Society of Arts (RSA).
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