{"id":37512,"date":"2014-01-06T10:27:16","date_gmt":"2014-01-06T10:27:16","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=37c0659da908ca320de10f00ae127d84"},"modified":"2014-01-06T10:27:16","modified_gmt":"2014-01-06T10:27:16","slug":"news-story-chancellor-lets-finish-the-job","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=37512","title":{"rendered":"News story: Chancellor: Let\u2019s finish the job"},"content":{"rendered":"
\n

Chancellor George Osborne gave a keynote speech<\/a> on the economy today (6 January 2014), setting out the economic choice facing Britain in 2014 and explaining the five components of the government\u2019s long-term economic plan to build a stronger, more competitive economy. <\/p>\n

The Chancellor was speaking at component manufacturer Sertec Group\u2019s new Head Office in Coleshill, Birmingham, on a day that the company announced that it plans to take on 400 additional people over the next four years. <\/p>\n

The Chancellor pointed to evidence that Britain\u2019s hard work is paying off and that, \u201cFor the first time in a long time, there\u2019s a real sense that Britain is on the rise.\u201d<\/p>\n

But as the New Year begins, he also wanted to warn against any complacency that the hard part of the job is done. The Chancellor said: <\/p>\n

\n

That\u2019s why 2014 is the year of hard truths. The year when Britain faces a choice. Do we say: the worst is over; back we go to our bad habits of borrowing and spending and living beyond our means \u2013 and let the next generation pay the bill?<\/p>\n

Or do we say to ourselves: yes, because of our plan, things are getting better. But there is still a long way to go \u2013 and there are big, underlying problems we have to fix in our economy. More repairs. More cuts. More difficult decisions.<\/p>\n

That\u2019s the choice in 2014: to go on working through a plan that is delivering for Britain, putting us back in control of our destiny with the security and peace of mind that brings; or squander what we\u2019ve achieved and go back to economic ruin.<\/p>\n

Ultimately it\u2019s your choice \u2013 a choice for the British people.<\/p>\n<\/blockquote>\n

He then set out the five components of his long-term economic plan to build a stronger, more competitive, economy to secure a better future for hard-working families and future generations by:<\/p>\n

    \n
  • \u202acutting the deficit<\/li>\n
  • \u202areducing taxes for hardworking people<\/li>\n
  • \u202acreating more jobs by backing business<\/li>\n
  • \u202acapping immigration and welfare<\/li>\n
  • \u202adelivering the best schools and skills<\/li>\n<\/ul>\n

    The chancellor said the current forecasts implied further cuts of around 25 billion over two years by 2017-18. He said based on these current forecasts and assumptions, in order to maintain the pace of departmental spending reductions as in the current spending period, there would need to be a further \u00a312 billion of welfare savings by 2017-18.<\/p>\n

    More difficult decisions are needed, the Chancellor concluded, adding \u201clet\u2019s finish the job.\u201d<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    Chancellor sets out the economic choice facing Britain in 2014.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/37512"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37512"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/37512\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}