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Osborne needs another £8billion budget cuts
Seven government departments have already agreed to 10per cent spending cuts.
12:18 30 May 2013
George Osborne has announced that seven government departments have agreed to cut their budget by 10per cent.
As this only represents 20per cent of the cuts, Mr Osborne must reach an agreement with other departments such as Home Office, Business, and Defence, in order to save £8billion more.
This task must be completed next month in time for his Comprehensive Spending Review. Mr. Osborne said that he will protect overseas aid, health and schools from cuts.
Regarding health and schools, he told The Independent: “That's a tough choice and I've made a tough decision that I'm going to protect spending on the NHS - that's the thing I suspect people probably care most about - and I'm also going to try to protect money going into schools so we educate our children for the future.
When asked if budget for counter-terrorism will be affected, Mr. Osborne said in the same report by The Independent: “We've been able to protect it in the past and I'm not going to do anything which is going to endanger the security of this country at home or abroad or the fight against terrorism, but that doesn't mean that you can't take a vast institution like the Home Office and look for savings.”