Spending cuts to be deepest since 1970s, IFS says

[pinkteddy]

Not sure if this has been posted already. According to IMF, Conservative plans would "imply cuts to spending on public services that have not been delivered over any five-year period since the Second World War". Tax increases would be highest under Labour, the analysis suggests, totalling £24bn over the course of the next parliament. £17bn of these have already been announced, leaving £7bn unaccounted for.

But the IFS said Conservative plans to raise taxes by £14bn looked optimistic, given the party's commitment to scrap a rise in national insurance, so a further rise of £3.5bn would be necessary.

The Liberal Democrats' plans to raise taxes by £20bn matched the party's current budget plans, the IFS said, but it meant they would have to make the harshest cuts later on in the parliament.

here

No surprises there.

No but none of the parties are being honest about it.

Yes Pinkteddy but if they were honest no bugger would vote for them. People say they want the truth but run a mile if they get it.

Yet Gordo still says I'll spend on this and that, the recovery is locked in, great time for first time buyers to put their head in a noose buy. Etc.
The man's near evil in my estimation.

The others know people cannot face the coming tsunami and so tone it down. To really spell it out would be political suicide.

Slow motion crash...

It is incredibly patronising though. The majority of people surely realise just how far up shit creek we are, therefore surely they must also realise that there will be some horrendous public sector cuts plus big tax-rises. I can't understand why it is political suicide to tell the truth about it all (though I think you're right about this aspect of it).