Magazine article Public Finance

Get Ready for Big Cuts, Bundred Warns Public Sector

Magazine article Public Finance

Get Ready for Big Cuts, Bundred Warns Public Sector

Article excerpt

Public sector managers need to prepare for significant cuts in public spending now, the chief executive of the Audit Commission has warned.

In an interview with Public Finance, Steve Bundred predicted 'substantial public spending cuts' would result from the government s attempt to rebalance public finances as soon as the first signs of economic recovery appear.

'We know that cuts are coming, and with that knowledge and the time that we have available to us, it ought to be possible to manage reductions in public expenditure without doing real damage to services,' he said.

Bundred's comments follow an article in The Times in which he claimed that public service managers who do not plan their spending on the basis that they will have substantially less money in two years are 'living in cloudcuckoo-land'. …

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