With the General Election due to take place tomorrow we are all heading for a torrent of promises leading up to polling day. While manifestos may contain plans, promises and policies – we will only know what actions the new government will take when they are in power.
One thing seems certain and that is that over the lifetime of the next parliament we are all likely to see cutbacks in Government spending. The last government engaged more than one million more public employees and during the last year escalated public spending to unprecedented levels. The answer to the question as to how the public finances will be brought back into balance will become clearer after the Election.