James Forsyth

Generous settlements mean gigantic cuts elsewhere

Generous settlements mean gigantic cuts elsewhere
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I hear that the Department of Transport’s settlement is another one that is not as bad as expected. The capital statement is, apparently, positively reasonable. George Osborne’s commitment to infrastructure spending has meant that a good number of transport projects have been saved.

On rail fares, I hear they will indeed go up significantly. But not by as much as the doomsday 30 to 40 percent scenario reported in the Sunday papers.

Nearly all the settlements we have heard about so far have been less bad than expected. There must be, given that Osborne is sticking to the cuts schedule set out in the budget, some departments that are going to have to absorb absolutely massive cuts.

Word is that Justice and Home are both taking cuts of close to thirty percent. But there must be a few departments that are going to have to absorb even bigger cuts than that.