Cuts, more like a graze
Treasury leak reveals jaw-dropping forecasts on cost of recession - Times Online
...departmental spending is earmarked to fall from £390.5billion in 2010-11 to £386.3billion in 2013-14. That is pretty grim stuff.
I thought he was being ironic there at first, but no he is serious. This small fiddle at the edges, this margin of error stuff is considered grim.
10% cuts would still be only a start...