A papercut, not an amputation
George Osborne to unveil £6bn of spending cuts as era of austerity begins
George Osborne will unveil a £6billion package of spending cuts on Monday that will lead to the elimination of thousands of civil service jobs, sweeping efficiency measures across Whitehall and “painful” retrenchment in the wider public sector.
"Era of austerity"? A small rounding error on the £156 billion deficit, which is a massive understatement of the true figure.