Qualified advisers answering your
Financial Questions
call 0800 092 1245

Conservative party promises swift action on budget deficit

George Osborne, the shadow chancellor of the exchequer, has today outlined what action the Conservative party would take in its first few months in office with regards to the ever-growing UK budget deficit. Estimated to be around £175 billion at the moment the budget deficit needs to be addressed as soon as possible and George Osborne has promised significant spending cuts across the board if, as expected, the Conservative party gain office at the next election.

Only a few months ago the very mention of spending cuts was the last thing on the minds of many politicians but now it seems as though the UK electorate is demanding that UK government spending is reined in with public sector investment cuts now inevitable. However, Gordon Brown continues to promise increased overall public sector investment despite the state of the UK finances although it is likely we will see a softening of his stance as we approach the election.

One concern which many investors have is the potential for a hung parliament, even though the Conservative party is well ahead in the polls at the moment, which would make it very difficult for the government of the day to push through controversial and wide sweeping public sector investment reductions. It will be interesting to see whether the Conservative party can consolidate its position with voters in the short term and push ahead as the election gets closer.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details