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These spending plans are not strategic

Today's spending review suggests the budget may not be balanced until the Parliament after next

By Mark Littlewood  

These spending plans are a classic case of salami slicing ( © Carsten aus Bonn)

George Osborne’s prolonged, almost agonised, efforts to eliminate the budget deficit are now definitely of the “salami slicing” rather than “strategic” variety.

In his spending review today, he was trying to squeeze just a little bit of cash from a multitude of different sources. The lessons from other countries – most notably Canada and New Zealand – have been that a successful fiscal consolidation requires a government to decide which areas of government activity it is going to…

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