FINANCE

Autumn Statement: Osborne extends austerity

Autumn Statement hits local government with further 2% cuts in 2014/15, extending austerity measures until 2018.

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By Jonathan Werran | 06 December 2012

Chancellor George Osborne's Autumn Statement has confirmed the extension of austerity measures until 2018, squeezing local government for a longer period of financial retrenchment.

Mr Osborne told a packed House of Commons: 'It is a hard road and Britain is on the right track. Turning back now would be a disaster.'

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Jonathan Werran

Popular articles by Jonathan Werran

  1. Getting to the heart of the matter
  2. Appetite for construction
  3. A good time for the sector to have friends in high places
  4. Regeneration must get on its bike
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