CentreForum unveils savings ideas for Autumn Statement

Liberal think-tank CentreForum has revealed a £17 billion savings package it believes the government can introduce in next month's Autumn Statement.

The organisation published a paper on it earlier this week, suggesting the changes to tax and welfare it believes will help those in most need of support.

Furthermore, it believes amendments will help cut through red tape for small businesses and lead to economic growth in the coming years.

Co-author of the paper, Adam Corlett, said that there is plenty Chancellor of the Exchequer George Osborne can do in next month's announcement.

"The government can achieve significant savings without hammering the poor. We urge the government to consider our ideas in the run up to the Autumn Statement," he added.

It comes after Business Secretary Vince Cable suggested that rules designed to strengthen the country's position against tax avoidance could follow in the Autumn Statement, due to be revealed on December 5th.

Posted by Thomas Fletcher

Date published 21 Nov 2012 | Last updated 21 Nov 2012