Jeremy Hunt says he accepts the “uncomfortable situation” that living standards are going down for everyone.
Speaking to reporters after his autumn statement, he claims the government is “helping every bit as much as we can” to reduce the impact on households and businesses, as well as protecting public services.
And indeed, amid the stealth tax rises and departmental cuts, spending is actually going up over the next two years under the government’s new plans.
But while Mr Hunt says he believes the measures will make the current recession “shallower”, he hints further, tougher measures could be on the horizon.
“We have been careful in a very balanced approach to make sure that we’re not making that situation worse,” says the chancellor.
“But as soon as the recession is behind us, then, yes, we will consolidate to make sure that we’re balancing our books.
“And I think that’s what people would want.”
Source: Skynews.com