Osborne responds – Part I

Here are George Osborne’s answers to the first five questions put forward by CoffeeHousers:

Tiberius

“I understand the reasons for not committing to upfront tax cuts, but there are bound to be some savings available from reform.

Do you have any idea at this stage how much could be available, and where would you seek to allocate any such savings?”

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Katja Hoyer

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Thanks Tiberius. Our judgement call two years ago not to commit to upfront tax cuts, in spite of pressure from many people, has clearly been vindicated by events. When it comes to efficiency savings, we have made it clear that cutting wasteful spending is a key part of our plans. But we also recognise that we have to go further. We have to make sure that the government lives within its means. That means introducing a whole new culture of government.