Reacting to George Osborne's speech in Cardiff this afternoon (7th January 2016), Jonathan Isaby, Chief Executive of the TaxPayers' Alliance, said:
"The chancellor is right to say that the job of fixing the public finances is not yet complete, especially given we still have a substantial deficit of around £70 billion. However, new spending promises continue to be made by the government and the longer-term forecasts for the levels of public spending continue to creep ever upwards at every financial statement. The country must live within taxpayers' means so there must be a big push to continue cuts to wasteful spending, but also a fundamental review of what the government should and shouldn't be doing so that big savings can be made."