Thursday, 29 April 2010

Datablog

    General election 2010: 
    What would the parties cut? The IFS analysis

The Insitute for Fiscal Studies has worked out what parties would have to cut if they win the general election - and the black hole in their plans. Get the full data
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Party cuts graphic

General election IFS analysis: how the parties would cut spending Graphic: Jenny Ridley

Whichever party wins the election is looking at spending cuts - but have they been honest with us about the scale of them?

Economics thinktank the Institute for Fiscal Studies says that The IFS said that no party had gone "anywhere near identifying" the cuts they will need to meet their various deficit reduction timetables. In an attack on the "vague" plans sketched out by LabourConservatives and Liberal Democrats, the Institute for Fiscal Studies also claimed the Tories were planning the sharpest spending cuts since the second world war, while the Labour and Lib Dem spending slowdowns amounted to the biggest retrenchment since the IMF crisis in the mid-1970s.

We've extracted the data from the original IFS report for you here, so you can compare cuts by area of spending. Can you do anything with the data?

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Data summary

Where the cuts would fall

Click heading to sort

Area of spending
Lab 2014-15 (2 yr prot- ection), % of GDP
Lab 2014-15 (2 yr prot- ection), £bn change
Lib Dem by 2014–15, % of GDP
Lib Dem by 2014–15, £bn change
Con by 2014–15, % of GDP
Con by 2014–15, £bn change
Total: 2009–10 to 2014–15-5.6-825.480-6.5-96
Total: 2010–11 to 2014–15-5.8-84-5.7-84-6.3-92
Debt interest1.2181.2181.217
Social security-0.9-14-0.9-13-1-14
Other managed expenditure0-1-0.1-1-0.1-2
Overseas development aid0.220.220.22
NHS-0.5-7  -1-15
Education-0.2-3    
Labour low-value cuts-0.3-4-0.3-5-0.3-4
LibDem low-value cuts  -0.1-2  
Conservative low-value cuts    -0.2-3
Public sector pay-0.1-1-0.2-3-0.2-2
Public sector pensions00-0.1-10-1
To be found (from £546bn total spending)-5.1-74-5.4-79-4.8-71