Welcome to Stage Two of the government’s life. The first stage was the Budget, which
established the size of the fiscal mountain looming over the coalition. The third stage will be the difficult, four-year slog up to the top. But today – the Spending Review – is all
about determining the route for that ascent. In just a few hours we will know when, where and why the pain will come. Don’t forget to pack sandwiches.
Of course, with this roadmap being drawn out in Westminster, we already know some of the details. This morning’s papers major on the fact – snapped from Danny Alexander’s hands yesterday – that almost 500,000 public sector jobs will be lost over the next four to five years. And then there are the actual departmental settlements. Defence will face cuts of 8 percent, as set out yesterday.

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