Austerity cuts could be as deep as 2010, experts warn as energy bills set to hit £5,000
Chancellor Jeremy Hunt leading push for ‘austerity season two’, says Labour
Spending cuts ahead could be as deep as those seen during the Tory austerity programme which followed the 2008-09 banking crash, economists have warned.
It comes as Labour accused Lis Truss’s new chancellor Jeremy Hunt of leading the push for “austerity season two”, as he looks to balance the books after the disastrous mini-Budget.
And experts have warned that families face annual household energy bills of £5,000 from April after the government’s U-turn on the promise of two years of support.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies