Cuts, cuts, cuts…
Britain’s next Chancellor will oversee the start of most sustained squeeze on public spending in at least 60 years.
Without huge tax rises, government departments will have to cut around £37bn from their budgets by 2013-14. Yet all three main parties refuse to explain how at least £30bn of these savings will be found.
To illustrate the scale of the challenge, the Financial Times has simulated the next three year spending review, highlighting the type of decisions the next chancellor will face if taxation stays on the same path.
You need to register to play (but it’s free).
It’s a good introduction to the tough decisions that the next chancellor will have to make.
You can play the game here.