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biggest ever sell-off of public assets
by Guest Thu May 21, 2015 9:58 am
George Osborne has told business leaders he will demand further spending cuts and unveil plans for the biggest ever sell-off of public assets as he bids to boost Britain's productivity.
The Chancellor said he wants a second round of Government savings to be made in the coming months as part of his planned spending reduction of £13bn by 2017/18.
Whitehall departments were called on Wednesday to report back with fresh savings plans by Budget day on July 8, although protected health, schools and international aid budgets will not be affected.
Mr Osborne said: "When it comes to saving money, we all know that the more you can do early, the smoother the ride. And without fixing the public finances so our country lives within its means there can be no economic security for businesses or working people."
In a drive to improve productivity, Mr Osborne also plans to create a new Government-owned company to sell off publicly-owned corporate and financial assets this year.
http://news.sky.com/story/1487811/osborne-vows-to-boost-britains-productivity
The Chancellor said he wants a second round of Government savings to be made in the coming months as part of his planned spending reduction of £13bn by 2017/18.
Whitehall departments were called on Wednesday to report back with fresh savings plans by Budget day on July 8, although protected health, schools and international aid budgets will not be affected.
Mr Osborne said: "When it comes to saving money, we all know that the more you can do early, the smoother the ride. And without fixing the public finances so our country lives within its means there can be no economic security for businesses or working people."
In a drive to improve productivity, Mr Osborne also plans to create a new Government-owned company to sell off publicly-owned corporate and financial assets this year.
http://news.sky.com/story/1487811/osborne-vows-to-boost-britains-productivity
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