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Tories cut more than even Spain
CP leader since 1998 announces he will retire at the first meeting of the new executive committee
SPENDING cuts in Britain since the financial crash have been more severe than austerity-ravaged Spain, the Institute for Fiscal Studies (IFS) said yesterday.
Its study A Crisis Wasted? showed that the Tories made bigger spending cuts than other European governments despite having stronger public finances.
“France and Italy have both relied relatively heavily on raising taxes, rather than cutting spending, to reduce borrowing,” the report states.
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