So here it is. After rumblings that Brown is prepared to set out spending cuts – rather than hiding them away in he small print of the Budget – Alastair Darling confirms the new strategy in an interview with the Times. He doesn’t actually use the word “cuts”, but it amounts to that:
“‘As there is less uncertainty you can decide what your priorities are,’ he said. ‘This doesn’t mean you are going into some sort of Dark Age but we will have to decide, given what’s happened to the economy, how much we think we can afford to spend on services, how much we should be devoting to making sure we recover our fiscal position. That’s a judgment that I’m going to have to make at the Pre-Budget Report in the autumn.’
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