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Austerity measures damaging economy, 05/07/15 [E/NI/S/W]

The UK Government’s approach to reducing the deficit has damaged the economy and undermined attempts to improve public finances, according to the Deputy First Minister.

Writing to Chancellor of the Exchequer George Osborne ahead of the UK Government’s budget this week, Deputy First Minister John Swinney expressed concerns about the impact of further planned cuts to welfare funding, particularly around reports that the budget will include measures to significantly reduce tax credits.

Mr Swinney has called for Mr Osborne to use this budget to focus on measures to boost the recovery, improve productivity and support those in low pay, and to reverse £107 million in year budget cuts to the Scottish budget which were announced last month.

For full details see the Scottish Government news release.

Further Information

Austerity measures damaging economy