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East Midlands Chamber News

Government Announces £6.2bn Spending Cuts

Chancellor of the Exchequer George Osborne and Chief Secretary to theTreasury today announced details of the propsed £6.2bn of savings from Government spending in 2010-11.

The Department of Business, Innovation and Skills will have £836m trimmed from its Budget during the next financial year as the new government battles to get to grips with the UK's deficit.

The Chamber's analysis and reaction to the proposed cuts will follow shortly, but in the meantime, click here for more details about what has been announced so far today.