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  • labour leadership: sadiq khan backs starmer, saying he's best person to unite party and defeat tories - live news | politics

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See the news labour leadership: sadiq khan backs starmer, saying he's best person to unite party and defeat tories - live news | politics from Source New York Times on 26/02/2020 has been updated to day with the theme on feedixo.

labour leadership: sadiq khan backs starmer, saying he's best person to unite party and defeat tories - live news | politics

Boris Johnson replaced his chancellor in the reshuffle two weeks ago but changing the underlying economic outlook facing the country is not so straightforward and, as the Institute of Fiscal Studies points out in an analysis today, the government faces difficult choices in the budget. “Raise taxes, entrench austerity or break a fiscal rule,” as the IFS puts it in the headline of its press release. Theoretically, the government could opt for all three. My colleague Richard Partington has written up the IFS’s assessment here. Read more The IFS analysis also illustrates quite how severe the cuts to public spending have been over the past decade. It says that day-to-day non-NHS public spending per head is 26% lower than it was at its peak in 2010, and that welfare cuts currently in the pipeline are set to take colossal sums away from some low-income families. Here is an extract (bold type from the IFS original).Outside of health, day-to-day public service spending per person remains 26% below its 2010 peak. £54bn would be required just to return to real 2010 levels.No department will see cuts in 2020–21. Beyond that there are commitments to increase spending on the NHS, schools, defence and overseas aid. Simply to avoid any further real-terms cuts elsewhere over the following three years the Chancellor would need to find an additional £3bn by 2023–24. Maintaining spending on unprotected services as a share of national income would require an additional £6.5bn.This would still leave cuts to means-tested support for low-income families with children slowly working their way through the system. The removal of an additional tax credit payment for the first child will eventually lead to around 3.2m households getting £550 per year less than they would have received, while the two-child limit in means-tested benefits will eventually lead to around 750,000 households losing an average of £3,600 per year.And this is what John McDonnell,...

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See the news labour leadership: sadiq khan backs starmer, saying he's best person to unite party and defeat tories - live news | politics from Source New York Times on 26/02/2020 has been updated to day with the theme on feedixo.

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