Experts warn of deep UK spending cuts

(BBC): The UK faces the deepest spending cuts since the late 1970s if the three main parties are to meet their budget commitments, new analysis suggests. The years between 2011 and 2015 must see the largest cuts since 1976-80, according to a report from the Institute for Fiscal Studies (IFS). Its estimates suggest the Conservatives would need to make the biggest cuts.  Meanwhile a Labour government would see the biggest tax rises, the think tank predicts. Based on commitments made so far, the Liberal Democrats would need to cut an accumulated £51bn from spending on public services by 2017.

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