‘Return to austerity’: Almost £50bn of cuts needed to fund tax breaks for rich, economists warn

The Independent

Liz Truss’s government is on course to make public spending cuts of almost £50bn a year after the “unenforced error” of Kwasi Kwarteng’s mini-Budget, according to top economists.

Experts at the Resolution Foundation warned that Britain’s public sector was heading for a return to the austerity period imposed by the David Cameron-led Tory government.