Government procurement expenditure could be far lowerby Alexander Hitchcock / March 7, 2016 / Leave a comment
If reports are to be believed, George Osborne, the Chancellor of the Exchequer, will need to find urgent savings in next week’s Budget. Revisions to nominal GDP numbers have left the economy £18bn smaller than expected. The Office for Budget Responsibility looks set to lower its growth as “storm clouds” form above the global economy. Over the weekend, Osborne also appeared to shelve pension reforms that would have brought forward tens of billions in revenue.