• News Feeds
Page last updated at 07:49 GMT, Thursday, 21 October 2010 08:49 UK

Osborne: No 'gamble' over cuts


Chancellor George Osborne has denied that the cuts laid out in the government's Comprehensive Spending Review are a "gamble".

"The country needs a decisive plan," he told Today presenter Evan Davis. "We've set out the decisive plan.

"It has some caution built into it, there is of course the freedom for the Bank of England to deploy monetary policy tools as well."

And he added that the measures set out yesterday, cutting £81bn in government spending, command the support both of the IMF and business leaders.

But the shadow Chancellor, Alan Johnson, told the programme that the changes reflect the traditional Conservative ideology of shrinking the welfare state and were "unfair as well as being unwise".

Get in touch with Today via email , Twitter or Facebook or text us on 84844.


Story Tools


Sign in

BBC navigation

Copyright © 2017 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific