Pre-Budget report
By Jake Kanter
Watching the Pre-Budget report unravel yesterday was very compelling. Chancellor Alistair Darling launched into a series of bold announcements and all corners of Parliament could be heard gasping, heckling and bellowing agreement.
The headlines will be snatched by plans to slash VAT for 13 months, roll out tax cuts amounting to £21 billion and increase government borrowing to reach £118 billion. Most pertinent to SM readers however was Darling's proposal to find an extra £5 billion in government efficiency savings by 2010-11, on top of the £30 billion announced last year.
Commentators could be heard scoffing at the target. During the Daily Politics show yesterday, the BBC's business editor Robert Peston said: "Historically, these sorts of efficiency savings in public spending have been very, very hard to find and some people will say 'it's a nice number but will they actually find £5 billion?'."
Do you think the goal is attainable?
Where will the government find the procurement savings?
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