Does Sajid Javid’s spending plan add up?

Critics say the plan, detailed yesterday in parliament, is little more than cynical political manoeuvring ahead of a general election

Sajid Javid on Downing Street
Sajid Javid on Downing Street
(Image credit: GETTY IMAGES)

Chancellor Sajid Javid yesterday signalled the end of austerity, timed to boost the fortunes of a government desperate for votes as a snap election looms.

The Treasury wants to increase spending at a time when the deficit - the difference between the money the public sector receives and its day-to-day spending - is at a 17-year-low. And in the House of Commons yesterday Javid immediately politicised the move: “After a decade of recovery from Labour’s great recession, we are turning the page on austerity and beginning a new decade of renewal.”

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William Gritten

William Gritten is a London-born, New York-based strategist and writer focusing on politics and international affairs.