MPs express doubt over Spending Review

The Committee also countered claims made by the Chancellor that his October Spending Review was a "progressive" budget. In the Spending Review in October, Chancellor George Osborne announced he would cut £81bn from the public budget over the next four years, in the deepest reduction since the 1920s. Committee chairman Andrew Tyrie, in a report on the move, says the TSC are split over the "timing and pace" of Osborne's plans, though he admits cuts were needed. TSC members are also "sceptical about how new some of the large savings from the ‘Spending Challenge' are in reality", it ...