George Edward Peter Thorneycroft1958
Proposes massive public expenditure cuts
Great Britain · Government / Conservative Party Government. Chronological records rendered directly from the World History Database.
Proposes massive public expenditure cuts
Backs further restraint in public expenditure during the autumn statement.
Lawson agrees measures to restrain departmental cash limits, including reductions in the pay bill and other cash-limited expenditure.
Lawson supports in-year reductions in public expenditure after forecasts indicate that public-sector borrowing could exceed the Government's plans.
Treasury forecasts after the 1983 election indicate that the public-sector borrowing requirement could significantly exceed the level previously planned.
Lawson supports tighter departmental cash limits while allowing departments to carry forward a proportion of annual underspending.
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