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Alistair Darling hits at cuts and pay squeeze as finances worsen

Posted on Sunday, July 5th, 2009 and is filed under New York Times, Politics, The White House. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

The state of the economy is worse than at the time of April’s Budget and could result a squeeze in public sector pay announced within weeks, the Chancellor has admitted. Alistair Darling also acknowledged that government spending faces “much tighter” limits as a result of the recession, in one of the most frank interviews about the state of the public finances so far. Last week the Office for National Statistics revealed the recession had begun three months earlier than had been thought, in April last year rather than July, and that the economy had slumped at…

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