vezzie - I'd calm down if I were you.
Public spending is not being cut.
It will be higher in 2015 than it is now.
See the Govt's own figures here (copied below):
Table 1: Summary of the Budget policy decisions
£ million
2010-11 2011-12 2012-13 2013-14 2014-15
Total tax policy decisions +2,830 +6,255 +6,950 +8,515 +8,230
Spending measures announced at this Budget
Changes to current spending +3,465 +6,835 +15,230 +21,700 +29,780
Changes to capital spending +1,780 +2,020 +2,070 +2,120 +2,160
Total spending policy decisions +5,245 +8,855 +17,300 +23,820 +31,940
Of which specific welfare measures +385 +2,010 +4,710 +8,150 +11,040
TOTAL POLICY DECISIONS +8,075 +15,110 +24,250 +32,335 +40,170
Memo: debt interest savings as a result of
policy decisions in spending review period ? ?820 +1,030 +1,810 +3,020
Memo: total policy decisions excluding
debt interest savings +8,075 +15,930 +23,220 +30,525 +37,150