Chancellor George Osborne has set out his Spending Review priorities ahead of the Autumn Statement, which he will deliver on Wednesday 25 November.
Chancellor George Osborne has set out his Spending Review priorities ahead of the Autumn Statement, which he will deliver on Wednesday 25 November. Speaking at Imperial College London’s White City campus on Monday 9 November, Osborne said he would ‘deliver economic security, enhance national security and extend opportunity’ for all. ‘This Spending Review will deliver a new type of economy – moving from a low wage, high welfare, high tax one to a higher wage, lower welfare, lower tax one,’ he said. ‘We will set out a plan to spend around £4trn over the parliament … between 2010 and 2015, we spent £3.6trn.’ Osborne added that he would also ‘return to our plan on tax credits’ during the Autumn Statement. The plan was controversially defeated in the House of Lords last month.
Chancellor George Osborne has set out his Spending Review priorities ahead of the Autumn Statement, which he will deliver on Wednesday 25 November.
Chancellor George Osborne has set out his Spending Review priorities ahead of the Autumn Statement, which he will deliver on Wednesday 25 November. Speaking at Imperial College London’s White City campus on Monday 9 November, Osborne said he would ‘deliver economic security, enhance national security and extend opportunity’ for all. ‘This Spending Review will deliver a new type of economy – moving from a low wage, high welfare, high tax one to a higher wage, lower welfare, lower tax one,’ he said. ‘We will set out a plan to spend around £4trn over the parliament … between 2010 and 2015, we spent £3.6trn.’ Osborne added that he would also ‘return to our plan on tax credits’ during the Autumn Statement. The plan was controversially defeated in the House of Lords last month.
