IFS paints bleak view of UK economy
Spending on public services may have to be cut by up to a third within five years and more than a million public sector jobs could be lost, according to the Institute for Fiscal Studies.
The research body warned that a weak economy meant the government was set to borrow far more than it forecast when it came into office.
Stephanie Flanders reports.
06 Feb 2013
- From the section Business