The full budget report. http://www.direct.gov.uk/prod_consu.../@dg/@en/documents/digitalasset/dg_188581.pdf I think cutting government department by 25% is a mistake they will create unemployment and reduce demand. This will lead to higher social benefits and less sales. It will impact the private sector.
Thats what the illiterate masses did not know what they were voting for. They thought vote Conservs party would stop immigrants flowing not knowing the majority of immigrants coming in can not be stopped because they are EU citizens. Now they are getting raped by stealth taxes, wage freezes, social services cuts whilst the rich are well you know the score.
I think this is probably the single most agreeable thing to come out of a very difficult budget. We just had 13 years of big spending, big government.
Of course it will, but the alternative leads to hyperinflation, currency debasement and bankruptcy of nearly all citizens. Isn't that worse than "reduced demand"? Same is true in America just as in Zimbabwe. Expanding the government and social programs too much eventually leads to a trap from which there is no escape.