Intended government policy: will it prove beneficial?

Following the Conservative Party conference, Glendevon King's Peter Baum analyses how the Chancellor's strategy for reducing the budget deficit will work

At the time of writing, the Conservative Party is in the middle of its Annual Conference and our current chancellor George Osborne is outlining in detail his economic strategies. The focus is to drastically decrease government spending across all departments with the obvious objective of reducing our extraordinarily large budget deficit. Without going over old ground about how we got into this mess, or about trying to determine if Labour’s alternative policy of reducing expenditure but at a slower rate might be a better (or worse) method, I am charged with the responsibility of analysing...