The Scotsman cartoon: Osborne’s autumn statement
The Chancellor insisted the budget deficit had been halved since 2010 and was still forecast to fall in every year.
Mr Osborne said the fiscal position was helped because the welfare bill and debt interest repayments had been reduced, meaning extra cash could be diverted to the NHS.
Advertisement
Hide AdAdvertisement
Hide AdBut he conceded that “substantial savings” in public spending will still be required in the next parliament. They are expected to be closer to £30 billion than the £25 billion envisaged before.
CONNECT WITH THE SCOTSMAN
• Subscribe to our daily newsletter (requires registration) and get the latest news, sport and business headlines delivered to your inbox every morning