Pain with a Purpose – a preview of next week’s “Emergency” Budget

The June 22 Budget will herald major spending cuts to tackle the country’s debt crisis. But there is also a wider strategic goal, and it’s called rolling back the ‘Big State’

We are edging, slowly and hesitatingly, towards the sort of debate about the future of Britain that should have happened during the general election, but which all the parties studiously avoided. The ‘big debate’ about long-term spending plans is finally starting properly, kicked off by the ambiguous first report from the much-vaunted Office for Budget Responsibility. As the debate started to shape up, the Observer’s William Keegan asked: ‘They call it “pain with a purpose”. What purpose, exactly?’

to read the rest of this article go to Public Finance

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