Don't encourage us
16 January 2018 15:56 (South Africa)

UK to slash public spending by £81bn

  • Andy Rice
    andy rice
    Andy Rice

    Andy Rice is a founding partner of Yellowwood Future Architects, a marketing strategy consultancy. In his other lives, he is the southern hemisphere's only supporter of Cambridge United Football Club, and was once upon a time the South African National Spoofing Champion. He has played football at Wembley and cricket at Lord's within the same weekend, but troubled the scorer on neither occasion. Things could only go up from here.

The UK is to set to cut public spending by a massive £81 billion over the next four years, Chancellor of the Exchequer George Osborne announced on Wednesday. These are the most drastic austerity measures undertaken in the UK since World War II. Money will be saved by slashing welfare benefits by £7 billion and raising the pension age from 65 to 66, and as many as 500,000 public sector jobs could be axed by 2015. Details about a proposed bank levy will be released on Thursday. Read more: BBC News

  • Andy Rice
    andy rice
    Andy Rice

    Andy Rice is a founding partner of Yellowwood Future Architects, a marketing strategy consultancy. In his other lives, he is the southern hemisphere's only supporter of Cambridge United Football Club, and was once upon a time the South African National Spoofing Champion. He has played football at Wembley and cricket at Lord's within the same weekend, but troubled the scorer on neither occasion. Things could only go up from here.

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