Wales Is Still 'Deluded' about Depth of Cuts, Says Academic; NATION FACES A 'WATERSHED' IN ITS ECONOMIC HISTORY

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Byline: TOMOS LIVINGSTONE

WALES remains "deluded" about the nature and impact of the public spending cuts to be announced by the Treasury next month, a leading academic warned last night.

Professor Malcolm Prowle of Nottingham Business School said Wales, which is highly dependent on public sector employment, faced a watershed in [its] social and economic history".

Chancellor George Osborne is planning to announce pounds 83bn in spending reductions in next month's spending review.

Prof Prowle said: "If we just regard the current fiscal crisis as one which will simply go away in a few years with a return to business as normal involving ongoing real …