A £44 Billion Hole in the UK Public Sector (Audio)
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UK government departments need £44bn to offset the impact of inflation according to the Institute for Fiscal Studies. The think tank said rampant price rises are expected to wipe out more than 40% of the planned real-terms increase in funding for public services over the next three years. IFS economist Ben Zaranko who told Alex Webb and Stephen Carroll on Bloomberg Daybreak Europe that schools & hospitals will suffer if money isn't found to fill the gap. See omnystudio.com/listener) for privacy information.