CIPFA responds to the Chancellor Autumn Statement

29-11-2011

Responding to the Chancellor of the Exchequer, George Osborne’s, Autumn Statement today, Ian Carruthers, Director of Policy and Technical at the Chartered Institute of Public Finance and Accountancy (CIPFA), commented,

"The Chancellor's statement was clearly designed for a positive response from the markets which should react favourably to the Government's continuing focus on deficit reduction. However, the statement also suggests that underlying economic risks have increased as the Chancellor's financial headroom is used up and the extent to which the Government is underwriting the UK economy has risen.

"As for the public services, the future public spending figures suggest that there is no end in sight for austerity."

 

ENDS

 

Contact: Tim Windle

CIPFA Press Office

t 020 7543 5787

e tim.windle@cipfa.org.uk

 

About CIPFA

CIPFA, the Chartered Institute of Public Finance and Accountancy, is the professional body for people in public finance. As the world’s only professional accountancy body to specialise in public services, CIPFA’s portfolio of qualifications are the foundation for a career in public finance. We also champion high performance in public services, translating our experience and insight into clear advice and practical services. Globally, CIPFA shows the way in public finance by standing up for sound public financial management and good governance.